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Archives: News

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…

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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…

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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…

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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…

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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…

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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: For more information, contact Richard Holzinger, Head of Investor Relations, at or…

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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…

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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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Press Release

Michael Stanton

Head of Strategy and Communications