News
Jill Schmidt Joins Build America Mutual as Vice President, Public Finance, East Region
March 13, 2013

Build America Mutual Assurance Company (BAM or the Company), the first mutual municipal bond insurer, today announced that it has hired Jill Schmidt as Vice President, Public Finance, East Region. She joins BAM from Assured Guaranty, where she was a Vice President in Public Finance. She reports to Don Farrell,…

Read More
First Quarter 2013 U.S. Public Finance New Issue Volume
April 3, 2013

Build America Mutual Assurance Company (BAM or the Company), the first mutual municipal bond insurer, today announced its U.S. municipal insured par of public finance new issuance for the first quarter. BAM guaranteed 114 primary transactions for a total of $866.5 million of new issue volume in the first quarter.…

Read More
Daniel Keating Joins BAM as Senior Managing Director, Municipal Markets
October 27, 2014

Daniel Keating, a veteran leader in the municipal bond market, will join Build America Mutual as Senior Managing Director, Municipal Markets, effective immediately, the company announced today. In this role, Mr. Keating will utilize his extensive experience in all aspects of the municipal market. He will work with BAM’s Capital…

Read More
Statement from BAM Re: Acceptance to NAIC REACAP PROJECT for Nationwide Licensing
September 4, 2012

Build America Mutual Assurance Company (BAM) is pleased to announce that the National Association of Insurance Commissioners (NAIC) has accepted BAM's request for a coordinated insurance company licensing application review under its Review of Electronic Application Coordination and Processing (REACAP) Project. “We believe that the NAIC’s coordination of the licensing…

Read More
STANDARD & POOR’S Rating Announcement
July 30, 2012

BAM's competitive position is very strong due to its low-risk business profile that focuses on insuring municipal bonds. We have assigned a financial strength rating of 'AA' and a stable outlook. We believe the company will have very strong market penetration. We expect BAM to have an extremely strong capital-adequacy…

Read More
STANDARD & POOR’S Analysis of BAM
August 13, 2013

• Competitive position profile demonstrated by its market acceptance and risk-adjusted pricing • Specific focus on high-credit-quality and lower-risk-weighted municipal obligation categories to offset the challenging municipal yield dynamics • Capital adequacy well above the 'AAA' bond insurance capital requirements, even during stress periods Weaknesses: • Start-up fixed-cost nature of…

Read More
BAM Joins the Bond Dealers of America
July 30, 2012

I'm very pleased to announce that Build America Mutual Assurance Company (BAM) is the newest member of the Bond Dealers of America. The BDA now represents 54 firms active in the US fixed income markets and continues to be the primary voice in Washington, DC when advocating for the interests…

Read More
BAM Launch Announcement
July 23, 2012

Build America Mutual Assurance Company (“BAM”) today launched the financial guaranty industry’s first mutual bond insurer. Rated AA/Stable by Standard & Poor’s Ratings Services (S&P) and regulated by the New York State Department of Financial Services, BAM is chartered to serve the U.S. municipal market. BAM’s doors are open for…

Read More
Governor Cuomo Announces Licensing of Build America Mutual
July 23, 2012

Governor Andrew M. Cuomo today announced that the Department of Financial Services (DFS) has licensed Build America Mutual Assurance Company (BAM) to operate as the first mutual bond insurer serving the U.S. municipal market. After receiving $600 million in initial financing, the company has secured a "AA" rating from Standard…

Read More
BAM Releases 2013 Statutory Financial Statements and Fourth Quarter 2013 Operating Supplement
February 21, 2014

Build America Mutual has filed its 2013 audited financial statements and fourth-quarter operating supplements with the National Association of Insurance Commissioners and posted the information in the Financial Information section of the company’s web site at: http://buildamerica.com/financialinformation. For more information, contact Richard Holzinger, Head of Investor Relations, at rholzinger@buildamerica.com or…

Read More
BAM Offers Secondary Municipal Bond Insurance on TMC Bonds
December 10, 2013

Mutual bond insurer Build America Mutual Assurance Company (BAM) today announced the launch of a program to offer real- time quotes and electronic execution of its AA/Stable rated bond insurance on secondary municipal market trades on the TMC Bonds electronic trading platform. “Through TMC Bonds, traders, institutional investors and retail…

Read More

Press Release
Contact:

Michael Stanton

Head of Strategy and Communications

212-235-2575