News
BAM Reports Full Year and Q4 2016 Statutory Financial Results
February 10, 2017

Build America Mutual today filed its Fourth Quarter and Full Year 2016 Statutory Financial Statements, showing total claims- paying resources increased 7% on the year to $643.7 million. Gross par outstanding rose to $33.1 billion. The $14.7 million fourth quarter increase in claims-paying resources is the largest quarterly increase since…

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PFM’s John White Joins BAM’s Board of Directors
January 19, 2017

Build America Mutual, the first mutual municipal bond insurer, today announced that John White, Chairman of the PFM Group, has been elected to join its Board of Directors. As CEO of PFM for more than 30 years, Mr. White played a key role in building its municipal advisory division, Public…

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“Building America … On a Strong Foundation:” BAM’s 2016 Year-End Review
January 3, 2017

Like you, we at BAM are ready to hit the ground running, supporting municipal issuers when they access the market to finance essential public infrastructure. More than 2,200 issuers have already become members of BAM, and we’ve now insured almost $35 billion, after another record year in 2016 ($11.4 billion…

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BAM Reports Third Quarter 2016 Statutory Financial Results
November 3, 2016

Build America Mutual today filed its Third Quarter 2016 Statutory Financial Statements and published its Operating Supplement, reporting a 9.6% increase in gross par outstanding to $30.5 billion. Claims-paying resources rose $11.8 million to $629 million, the largest quarterly increase since the company was founded in 2012. Build America Mutual’s…

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Richard Ravitch Leaves Build America Mutual Board of Directors
September 7, 2016

Build America Mutual (BAM), the first mutual insurer of US municipal bonds, today announced that Richard Ravitch has resigned from its board of directors, effective immediately, to devote more time to his growing public service responsibilities. “Last week, the Governor of Puerto Rico asked me to be his representative on…

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BAM Reports Second Quarter 2016 Statutory Financial Results
August 12, 2016

Build America Mutual on August 10 filed its Second Quarter 2016 Statutory Financial Statements and published its Operating Supplement, reporting an 13% increase in gross par outstanding to $27.8 billion. Claims-paying resources rose $10.1 million to $617.2 million, the largest quarterly increase since the company was founded in 2012. Build…

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S&P Global Ratings Affirms BAM’s AA / Stable Rating
July 29, 2016

S&P Global Ratings affirmed Build America Mutual’s AA rating with a stable outlook, citing the insurer’s “extremely strong” capital, “prudent” underwriting strategy, and a “well-developed strategic plan [that] ensures liquidity of BAM’s insured paper.” In assigning the rating, S&P recognized BAM’s unique mutual structure, which supports BAM’s long-term financial stability…

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City, County Leaders: U.S. Infrastructure Policy Must Protect Tax-Exempt Bonds, Enhance Long- Term Funding
July 21, 2016

Republican elected officials from across the nation explained how infrastructure investments have fueled growth in their local economies, and said those successes support the case for more federal resources for infrastructure, as well as the preservation of tax- exempt municipal bonds in any tax-reform legislation. Their comments came during a…

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BAM Secondary Market Insurance Quotes Now Available on Bloomberg
June 20, 2016

Build America Mutual, the first mutual insurer of US municipal bonds, is now posting indicative quotes for secondary market insurance on more than 10,000 CUSIPs on the Bloomberg Professional Service. All of the bonds listed have been underwritten by BAM’s public finance group and pre-approved by the insurer’s credit committee.…

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BAM Reports Full Year 2015 Statutory Financial Results
February 19, 2016

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…

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Munibrokers.com Adds Build America Mutual Insurance Quotes to its Municipal Bond Listings
February 22, 2016

Build America Mutual, the first mutual insurer of US municipal bonds, and MuniBrokers LLC, an online service aggregating bond offerings and bid-wanted lists from nine of the nation’s largest interdealer bond brokerage firms, today announced that BAM will list indicative secondary-market insurance premium quotes on the MuniBrokers site. “Bringing additional…

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Sollers to Join Build America Mutual to Head West Region Public Finance
March 22, 2016

Build America Mutual, the first mutual insurer of US municipal bonds, today announced that Scott Sollers will join the firm to lead its West Region Public Finance group. He will be responsible for managing BAM’s West Coast- based underwriters and helping to set strategic direction for the company. “Scott has…

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Press Release
Contact:

Michael Stanton

Head of Strategy and Communications

212-235-2575