News
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 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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BAM Announces Q1 2019 Statutory Financial Results
May 16, 2019

NEW YORK, May 10, 2019 -- Build America Mutual today published its financial results for the first quarter of 2019, showing that BAM insured $1.9 billion par during the period, and posted continued growth in par outstanding and claims-paying resources.

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BAM Releases White Paper on Demographic Change and Municipal Credit Risks
May 16, 2019

Understanding how changes in the United States’ demographic profile will impact the long-term credit outlook for specific municipal borrowers requires a granular analysis of the individual drivers of those shifts. The U.S. population is aging, but evidence suggests that the economic and fiscal pressures associated with that shifit will not…

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Kroll Bond Rating Agency Affirms AA Rating for Fidus Re Notes Supporting BAM Reinsurance
March 26, 2019

NEW YORK, March 26, 2019 -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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BAM Announces 2018 Statutory Financial Results
February 15, 2019

NEW YORK, February 15, 2019 -- Build America Mutual today published its financial results for 2018, showing that BAM insured $12 billion par during the year, and posted continued growth in par outstanding and claims-paying resources.

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Natalie Cohen Joins BAM Board of Directors
April 23, 2019

Build America Mutual's member issuers have elected longtime municipal bond analyst Natalie Cohen to join the Board of Directors. She succeeds Hon. Ed Rendell, the former governor of Pennsylvania, who has served on the board since the company's launch in 2012 and will now join BAM's Strategic Advisory Committee.

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BAM Pension Commentary: “Rebuild America Bonds” and Public Pensions
January 3, 2019

In a brief commentary, BAM VP and pension actuary Les Richmond discusses a proposal for the Federal government to sell "Rebuild America Bonds" to public pension funds as part of an infrastructure financing program, and finds that the proposal could have very different credit impacts on individual municipal bond issuers.

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BAM Announces Q3 2018 Statutory Financial Results
November 9, 2018

Build America Mutual's financial results for the third quarter of 2018 showed continued growth in par outstanding and claims-paying resources. BAM guaranteed $1.9 billion of primary market insured transactions priced in the quarter, and total premiums on primary and secondary market transactions were $20.9 million. Statutory Comprehensive Income was $4.0…

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Build America Mutual Launches BAM GreenStar Assessment to Identify Municipal Green Bonds
October 2, 2018

The BAM GreenStar Assessment program will identify green bonds sold by U.S. municipal bond issuers for infrastructure projects that provide clear environmental benefits.

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Press Release
Contact:

Michael Stanton

Head of Strategy and Communications

212-235-2575