News

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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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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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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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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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…

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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.

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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.

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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…

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Grant Dewey to Join BAM as Head of Municipal Capital Markets
February 5, 2018

Build America Mutual, the only mutual insurer of U.S. municipal bonds, today announced that Grant G. Dewey, a former managing director at Citi’s municipal bond division, will join the company as Head of Municipal Capital Markets. Mr. Dewey has more than 30 years’ experience in municipal institutional sales, serving a…

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BAM Reports 2017 Financial Results
February 12, 2018

Build America Mutual published its annual financial results for 2017 and fourth-quarter operating supplement. Statutory Comprehensive Income more than doubled to $11.9 million from $5.4 million in 2016, and BAM’s claims-paying resources grew $64.7 million to $708.4 million.

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BAM Launches Strategic Advisory Committee
January 17, 2018

Build America Mutual, the only mutual insurer of U.S. municipal bonds, today announced the formation of a new Strategic Advisory Committee that will advise BAM management on opportunities to build on the company’s five-year track record of growth. The founding members of the Committee will be Dan Keating (who will…

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BAM 2017 Year in Review
January 4, 2018

As BAM wraps up its fifth full year of operations, BAM Co-Founders Bob Cochran and Seán McCarthy wrote to thank the issuers, investors, underwriters, and municipal advisors who have helped prove the value that BAM’s focused, municipal-only, AA/Stable-rated guaranty provides to issuers and investors.

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Press Release
Contact:

Michael Stanton

Head of Strategy and Communications

212-235-2575