News
Build America Mutual Licensed to Operate in State of California
January 30, 2013

Build America Mutual Assurance Company (BAM) today announced its first insured transaction in the State of California -- $11,965,000 of General Obligation Bonds, Election of 2012, Series A, for the Washington Unified School District in Fresno, California. BAM announced last week that it was licensed to operate in California. “We…

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BAM Announces Licensing in the State of Florida
September 27, 2013

Build America Mutual Assurance Company (BAM) announced today that the Florida Office of Insurance Regulation has approved its license to operate in the State of Florida. With the Florida approval, BAM is now licensed in 49 states and the District of Columbia. Robert P. Cochran, Chairman of BAM, said: “We…

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BAM Announces Expansion of State Licensing
November 26, 2012

Build America Mutual Assurance Company (BAM or the Company) today announced that since receiving its initial license in the State of New York, the Company has secured licenses in an additional 11 states and expects approval in a number of others before year-end. BAM is now licensed in Arizona, Illinois,…

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BAM Announces New Hires and Promotions
April 12, 2013

Build America Mutual today announced four new hires and internal moves to enhance the underwriting and new business efforts of its growing municipal bond insurance business, according to Seán W. McCarthy, Managing Director and Chief Executive Officer of BAM. Bryan R. Baebler joins BAM as Vice President, Capital Markets with…

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BAM Joins SIFMA
January 24, 2013

Build America Mutual Assurance Company (BAM or the Company), the first mutual municipal bond insurer, today announced that it has joined the Securities Industry and Financial Markets Association (SIFMA) as an Associate Member. “We’re pleased to join SIFMA,” said Seán W. McCarthy, Managing Director and Chief Executive Officer of BAM.…

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BAM-Insured Municipal Bonds and COVID-19
March 18, 2020

Federal, state, and local government reactions to the spread of the novel coronavirus and a surge in COVID-19 cases are leading to a wave of questions about the fundamental credit quality of U.S. municipal bond issuers, given the potential for extended disruptions to economic activity. To help investors understand BAM's…

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S&P Affirms Build America Mutual’s AA Rating and Stable Outlook
November 21, 2019

S&P Global Ratings today affirmed its AA rating and stable outlook for Build America Mutual, the largest municipal-only bond insurer, recognizing BAM's "excellent capital and earnings" and other key strengths in assigning BAM the highest rating S&P maintains for any active bond insurer. The rating was affirmed following the adoption…

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Press Release
Contact:

Michael Stanton

Head of Strategy and Communications

212-235-2575