News
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
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.

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
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.

Read More
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…

Read More
Bloomberg Radio Covers Munis In Live Broadcast from BAM’s Headquarters
October 31, 2018

Bloomberg Radio hosts Lisa Abramowicz and Pimm Fox took their "P&L Show" on the road for a live broadcast from Build America Mutual's New York City offices on October 23rd. Topics discussed during the two-hour broadcast included the outlook for US infrastructure investment, the emerging market for municipal Green Bonds…

Read More
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.

Read More
S&P Global Ratings Affirms BAM’s AA Rating and Stable Outlook
June 25, 2018

NEW YORK, June 25, 2018 - S&P Global Ratings today announced that it has completed its annual review of Build America Mutual and affirmed BAM's AA rating and Stable outlook, the strongest rating S&P assigns to any active insurer.

Read More
BAM Reports First Quarter Financial Results
May 11, 2018

NEW YORK, May 11, 2018 - Build America Mutual today published its financial results for the first quarter of 2018, showing continued growth in par outstanding and claims-paying resources.

Read More
BAM Announces Agreement to Expand Claims-Paying Resources by $100 Million
April 16, 2018

Build America Mutual, the only mutual insurer of U.S. municipal bonds, today announced it will be adding to its strong internal capital growth and expanding its claims-paying resources by $100 million through a collateralized reinsurance agreement with Fidus Re Ltd., a special-purpose insurer created solely to provide collateralized reinsurance protection…

Read More

Press Release
Contact:

Michael Stanton

Head of Strategy and Communications

212-235-2575