Build America Mutual today announced that it has filed its 2014 second-quarter Statutory Financial Statements and Operating Supplement, reflecting the mutual municipal-bond insurer’s continued growth through the first half of 2014, even as new- issue volume in the municipal bond market declined. BAM’s gross par outstanding stood at $7.77 Billion…

Build America Mutual today filed its Second Quarter 2015 Statutory Financial Statements and published its Operating Supplement, reporting a 23% increase in gross par outstanding to $17.8 billion. Claims-paying resources rose $4.8 million to $586.8 million, the largest quarterly increase since the company was founded in 2012. Build America Mutual’s…

Build America Mutual today published its 2014 first-quarter Statutory Financial Statements and Operating Supplement, showing that the municipal-bond insurer’s claims-paying ability rose to $583 million. As the first mutual bond insurer, BAM’s focus is on building its capital base, to support its ratings and to enhance the value of its…

BUILD AMERICA MUTUAL’S PLAN OF OPERATION, FILED WITH AND APPROVED BY THE NEW YORK DEPARTMENT OF FINANCIAL SERVICES, PROVIDES THAT BAM “WILL ONLY INSURE INVESTMENT GRADE, ESSENTIAL PUBLIC PURPOSE U.S. MUNICIPAL BONDS”, U.S. MUNICIPAL BONDS BEING DEFINED AS “DEBT OBLIGATIONS ISSUED BY STATE AND LOCAL MUNICIPAL GOVERNMENTS AND PUBLIC AUTHORITIES…

Build America Mutual, the first mutual insurer of US municipal bonds, and Lumesis, Inc. a leading provider of business efficiency, regulatory compliance and data solutions for the municipal market, today announced a joint initiative to improve investors’ access to municipal bond credit information by making BAM’s Obligor Disclosure Brief (ODB)…

Build America Mutual today announced that Standard & Poor’s has affirmed the company’s financial strength rating at AA, with a stable outlook.

Build America Mutual Assurance Company (BAM or the Company), the first mutual municipal bond insurer, today announced that it has hired Les Richmond as Vice President and Actuary. He reports to Suzanne M. Finnegan, Chief Underwriting Officer. Seán W. McCarthy, Managing Director and Chief Executive Officer of BAM, said: “We…

The new bond insurer, BAM, intends to begin under- wri ng in September, with expecta ons for at least $10Bn of par wrapped in the rst twelve months. In the- ory, this will trade more weakly at outset and will slowly improve over the next few years. Whether or not…

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.…

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,…

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…

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…