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…

• 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…

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…

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…

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…

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…

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…

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…

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…

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,…