NEW YORK – BAM Mutual guaranteed a record $21.15 billion of U.S. municipal bonds in 2025, up 16% from 2024. Total premiums in the first nine months were $160.2 million, and BAM’s claims-paying resources rose to $1.9 billion. BAM’s Statutory Financial Statements and Operating Supplements are available in the Credit Rating and Financial Information section … Continued
NEW YORK – BAM Mutual, the U.S. municipal bond insurer, announced that Philip Moos will join BAM’s capital markets team to support continued growth in BAM’s secondary-market insurance activity with institutional investors. He will report to Bryan Baebler, BAM’s Head of Municipal Capital Markets. Mr. Moos is a 30-year veteran of sales and trading roles … Continued
NEW YORK, November 10, 2025 – BAM Mutual guaranteed a record $14.75 billion of U.S. municipal bonds in the first nine months of 2025, up 9.2% from the same period in 2024. Total premiums in the first nine months were $108.2 million, up 24% from the same period of 2024. BAM’s claims-paying resources rose to … Continued
NEW YORK – BAM Mutual, the only mutual bond insurer focused on reducing the cost of financing essential infrastructure in the U.S., Australia, and New Zealand, has hired veteran rating agency leaders Cherian George and Andrew Palmer. The credit experts will help support public-sector borrowers who utilize public-private partnerships to deliver a wide range of … Continued
NEW YORK – BAM Mutual guaranteed $9.02 billion of U.S. municipal bonds in the first half of 2025, supported by record new-issue volume and a market-leading $1.25 billion of secondary-market insurance policies. BAM’s claims paying resources climbed to $1.88 billion as of June 30, up 13% from year-end 2024. “U.S. state and local governments are … Continued
NEW YORK – S&P Global Ratings this week released its full annual report on BAM Mutual and affirmed its AA rating and Stable outlook, the highest rating S&P assigns to any active bond insurer. In the report, S&P’s analysts said BAM’s key strengths included: S&P observed that BAM continues to benefit from “greater demand for … Continued
NEW YORK, March 17, 2025 – Kroll Bond Rating Agency upgraded its rating on Fidus Re’s $150 million Series 2021-1 Notes (Fidus II) from AA to AA+, and affirmed its AA rating on Fidus Re’s $150 million Series 2022-1 Notes (Fidus III) and recently-issued $275 million Series 2025-1 Notes (Fidus IV). All of the transactions … Continued
NEW YORK, October 22, 2024 – BAM Mutual today announced that municipal bond electronic trading expert Tom Vales will join the Board as an independent director representing BAM’s municipal issuer-members. Mr. Vales was elected to fill the unexpired term of John White, who is retiring. “Tom’s career has been about making fixed-income markets more transparent … Continued
BAM Mutual, the only mutual bond insurer focused on reducing the cost of debt sold for essential infrastructure, is opening a Melbourne office and will begin insuring bonds and loans sold to finance projects in Australia and New Zealand. BAM’s focus will include electricity transmission and distribution networks that support the energy transition, social infrastructure, and transportation facilities.
Build America Mutual and the Nevada Regional Medical Center (“NRMC”) have entered into a forbearance agreement following multiple covenant defaults on debt sold by the City of Nevada, Missouri on behalf of NRMC. There have been no payment defaults on the bonds.
S&P Global Ratings this week affirmed BAM’s AA rating and Stable outlook, the highest rating S&P assigns to any active bond insurer.
Build America Mutual, the U.S. municipal bond insurer, announced that veteran municipal bond investment banker and financial advisor John Miller will join the firm as a senior advisor, focusing on increasing utilization of bond insurance on large infrastructure and public power projects in the primary market.