News

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.

Read More
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

Read More
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.

Read More
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.

Read More
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.

Read More
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.

Read More
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.

Read More
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…

Read More
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…

Read More
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.

Read More
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.

Read More
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.

Read More

Press Release
Contact:

Michael Stanton

Head of Strategy and Communications

212-235-2575