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Build America Mutual is bringing on a strategic advisory committee to help expand use of insurance in the muni market.
January 17 -
The par value of bonds guaranteed by BAM rose 3.4% from the third quarter last year, even as overall market new-issue volume fell 16%.
November 10 -
The largest municipal bond insurer said third-quarter net income fell 57% due to an increase in loss reserves for Puerto Rico hurricane damage.
November 3 -
Orrick, Herrington & Sutcliffe and Assured Guaranty retained their positions in third-quarter rankings, while Build America Mutual rebounded from a stint on negative credit watch to capture its typical market share.
October 16 -
The bond insurers withdrew their challenge of the island's fiscal plan, citing Hurricane Maria.
October 10 -
Robert Lamb of Lamont Financial Services is a veteran of municipal turnaround efforts in Connecticut.
October 2 -
Sean McCarthy, CEO of Build America Mutual, talks about the state of the municipal bond insurance industry, what has changed since BAM was founded five years ago, and how much exposure it has to the areas affected by hurricanes Harvey and Irma.
September 28 -
Assured Guaranty and Build America Mutual presented city and state officials with an alternative to bankruptcy.
September 25 -
Although the damage of Hurricane Irma nearly doubles the exposure for two bond insurers from where it was after Hurricane Harvey, there is no rating concern for any of the three guarantors, with the impact of Hurricane Maria looming.
September 21 -
Bond insurers wrap $13.6 billion in bonds in areas devastated by Hurricane Harvey and analysts are still adding up their exposure in Irma’s wake.
September 15