Archives: News

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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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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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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S&P Global Ratings Affirms BAM’s AA Rating and Stable Outlook – 2018
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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Build America Mutual Hosts Bloomberg Radio Special Report on Municipal Finance
December 4, 2017

On November 30th, Bloomberg Radio's Bloomberg Markets program broadcast from Build America Mutual's headquarters in New York, focusing on the challenges the US faces in meeting its infrastructure investment needs. The program featured interviews with various municipal market professionals who discussed a wide range of topics, from how issuers can…

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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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BAM Reports Second Quarter Financial Results
August 11, 2017

Build America Mutual published its second quarter 2017 financial results and operating supplement, reporting a $13.7 million gain in claims paying resources in the second quarter of 2017, 36% higher than the same period in 2016. Par outstanding rose 7% to $37.6 billion. Statutory Comprehensive Income was $1.4 million in…

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Press Release

Michael Stanton

Head of Strategy and Communications