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Archives: News

John Miller Joins Build America Mutual as Senior Advisor to Support Growth in Public Finance
April 11, 2024

Build America Mutual, the U.S. municipal bond insurer, announced that veteran municipal bond investment banker and financial advisor John Miller will join the firm as a senior advisor, focusing on increasing utilization of bond insurance on large infrastructure and public power projects in the primary market.

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Kroll Bond Rating Agency Assigns Positive Outlook to Fidus Re Series 2021-1
March 19, 2024

Kroll Bond Rating Agency assigned a positive outlook to its AA rating on Fidus Re’s $150 million Series 2021-1 Notes (Fidus II), and affirmed its AA+ rating on Fidus Re’s $100 million Series 2018-1 Notes (Fidus I) and AA rating on Fidus Re’s $150 million Series 2022-1 Notes (Fidus III).

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BAM Elects Clarence Anthony as Chairman of the Board of Directors
August 14, 2023

Build America Mutual's Board of Directors elected Clarence Anthony, Chief Executive Officer of the National League of Cities, as Chairman of the Board.

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BAM Insurance Policy Helps Connecticut Fund $398 Million Baby Bond Trust
August 7, 2023

he State of Connecticut used a debt service reserve fund insurance policy from Build America Mutual as part of a funding solution that allowed the state to launch the Connecticut Baby Bond Trust with an initial deposit of $398 million. BAM DSRF insurance policies are flexible tools that allow U.S.…

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S&P Global Ratings Affirms BAM’s AA Rating and Stable Outlook — July 2023
July 13, 2023

S&P Global Ratings has published its full annual report on Build America Mutual and affirmed BAM’s AA rating and Stable outlook, the highest rating S&P assigns to any active bond insurer. The report recognized BAM’s “excellent capital adequacy with a buffer above its current rating” and the fact that BAM…

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BAM Celebrates National Caribbean-American Heritage Month
June 30, 2023

National Caribbean-American Heritage Month is a time to celebrate the Caribbean-American community's legacy, history, and achievements. Build America Mutual and our associates are taking the opportunity to celebrate our Caribbean-American colleagues, counterparties, and members and their many contributions

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BAM Celebrates Juneteenth 2023
June 16, 2023

This Monday marks the 158th anniversary of Juneteenth, the official Celebration of Emancipation from Slavery. The municipal bond market will be closed for the day, and Build America Mutual (BAM) is honored to celebrate Juneteenth with our colleagues, counterparties, and members.

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BAM Celebrates Pride Month 2023
June 2, 2023

Build America Mutual (BAM) is honored to celebrate Pride Month and recognize the achievements of our LGBTQ+ colleagues, counterparties, and members. 

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BAM Opens Austin Office to Support Texas Municipal Bond Activity

BAM Opens Austin Office to Support Texas Municipal Bond Activity Managing VP Greg Pacifico Continues to Lead TX Public Finance   AUSTIN, TEX., April 14, 2023 – Build America Mutual, the U.S. municipal-only bond insurer, announced the opening of its third regional office in Austin, primarily to support new-issue activity…

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Kroll Bond Rating Agency Upgrades Fidus Re Series 2018-1 to AA-Plus
March 15, 2023

Kroll Bond Rating Agency upgraded its rating on Fidus Re’s $100 million Series 2018-1 Notes (Fidus I) to AA+ and affirmed its AA rating on Fidus Re’s $150 million Series 2021-1 Notes (Fidus II). The transactions were sold to fund collateralized excess-of-loss reinsurance agreements that provide additional claims-paying resources for…

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BAM Observes International Women’s Day 2023
March 8, 2023

This International Women’s Day, BAM celebrates the contributions of women, honors their accomplishments, and reaffirms our commitment to creating a more equal and just society for all. We also recognize that there is still much work to be done to achieve gender equality. We remain committed to doing our part…

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BAM Announces 2022 Statutory Financial Results
February 17, 2023

Build America Mutual today published its 2022 statutory financial results. Par insured totaled $16 billion and claims-paying resources were $1.42 billion as of December 31, 2022, including $150 million from the fully collateralized reinsurance transaction BAM closed with Fidus Re in November.

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Press Release

Michael Stanton

Head of Strategy and Communications