News
BAM GreenStar Expands to Serve More Muni Issuers
September 24, 2020

Build America Mutual, the only mutual municipal bond insurer, today announced an expansion of its BAM GreenStar verification program for transactions that align with the International Capital Markets Association’s Green Bond Principles. BAM will now verify any green bond transaction by an existing BAM member-issuer, regardless of whether it is…

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S&P Global Ratings Affirms BAM’s AA Rating and Stable Outlook
June 30, 2020

NEW YORK, June 30, 2020 - S&P Global Ratings announced that it has affirmed Build America Mutual's AA rating and stable outlook, the strongest rating S&P assigns to any active bond insurer.

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BAM Joins Corporate Coalition Urging Certification of the Equal Rights Amendment
June 30, 2020

Build America Mutual joined more than 90 leading U.S. corporations in an Amicus brief calling for the certification of the Equal Rights Amendment (ERA), which has been ratified by thirty-eight states since it was passed with overwhelming support in Congress in 1972.

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A Letter from BAM’s CEO
June 30, 2020

Recent events have driven home the reality that prejudice and discrimination continues to create inequities in the U.S. and stands in the way of building safe, healthy, and productive communities. Build America Mutual believes that any form of discrimination or inequity is intolerable.

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BAM Elects New Chairman, Adds Clarence Anthony as Independent Director
May 7, 2019

Build America Mutual today announced that its Board of Directors elected Manning Rountree as Chairman, and Clarence Anthony, chief executive officer of the National League of Cities, as an independent director.

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Kroll Bond Rating Agency Affirms AA Rating for Fidus Re Notes Supporting BAM Reinsurance
March 24, 2020

Kroll Bond Rating Agency today affirmed its AA rating and Stable outlook for Fidus Re Ltd.’s $100 million of principal-at-risk variable-rate notes, which were sold to fund a $100 million collateralized excess of loss reinsurance policy that provides additional claims-paying resources for Build America Mutual

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Dan Bingham to Join BAM as Head of Institutional Markets
December 3, 2019

Build America Mutual, the leading municipal-only bond insurer, announced that Dan Bingham will join BAM's capital markets team in the newly-created role of Head of Institutional Markets. He will focus on expanding demand for BAM-insured bonds from financial institutions, including major investors and broker-dealers, particularly through secondary-market insurance transactions.

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BAM Announces Q2 2019 Statutory Financial Results
August 8, 2019

Build America Mutual published its financial results for the second quarter of 2019, showing that BAM insured $2.9 billion par during the period and posted continued growth in par outstanding and claims-paying resources.

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BAM’s Chief Credit Officer Comments on the 34th Annual City Fiscal Conditions Report
November 5, 2019

The National League of Cities last week released its 34th annual  City Fiscal Conditions report, finding that city leaders are anticipating slower revenue growth in Fiscal 2019 and beyond, even as pressures for additional spending continue unabated.

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BAM Produces White Paper on Green Bonds in Partnership with The Bond Buyer
August 7, 2019

Collaborating with The Bond Buyer, BAM developed a new white paper on why municipal bond issuers should consider green bonds.

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BAM Publishes White Paper on Analyzing Pension Funding Policy
July 23, 2019

Understanding the potential impact of unfunded pension liabilities on a municipal bond issuer's credit quality requires analyzing both the amount of the liability and whether the issuer has an adequate plan for closing that gap.

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BAM Joins the Federal Home Loan Bank of New York (FHLBNY)
June 17, 2019

NEW YORK, June 17, 2019 – Build America Mutual today announced that it has been accepted as a member of the Federal Home Loan Bank of New York, becoming the first municipal bond insurer to join the FHLB System. Membership will expand BAM’s financial flexibility by providing access to reliable…

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Press Release
Contact:

Michael Stanton

Head of Strategy and Communications

212-235-2575