Build America Mutual today reported its claims-paying resources grew to a new high of $601.4 million at the end of 2015. Total par outstanding reached $22.5 billion, an 82% increase from year-end 2014.
Build America Mutual’s Statutory Financial Statements and Operating Supplements are available in the Financial Information section of BAM’s web site at: http://buildamerica.com/financialinformation. The financial statements have also been filed with the National Association of Insurance Commissioners and the 50 state insurance regulators that license BAM.
Since its launch in 2012, BAM has provided insurance for $24.3 billion of municipal bonds in 2,860 transactions for more than 1,700 municipal bond issuers, who are also the members of the mutual company.
For more information, contact Michael Stanton, Head of Corporate Strategy and Communications, at email@example.com or 212-235-2575.