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Build America Mutual overview

Industry
Financial Institution
Revenue
Headquarters
Employees
75
Founded in
Website
Organization type
Private
Social media
BAM's mission is to be the premier Financial Guaranty insurance company, serving investors with durable, transparent protection against default while acting as an industry utility providing efficient funding and savings for U.S. issuers who provide essential public infrastructure. BAM's mutual insurance structure means that its stakeholders -- the municipal issuer-members who use their insurance to reduce their borrowing costs and the investors who hold BAM-insured bonds -- are aligned behind a shared interest in accumulating capital and maintaining exceptional financial strength. BAM's capital is further protected by a unique 15% first-loss reinsurance treaty that covers losses of up to 15% of par on each policy, and BAM does not insure bonds from U.S. Territories, including Puerto Rico, international issuers, or structured finance securities like mortgage bonds or CDOs. BAM is committed to setting a new standard for transparency. BAM's entire insured portfolio is disclosed on its web site, and BAM Credit Profiles are available to provide insight into key operational and financial metrics for every credit they insure, with the data updated annually. BAM is rated AA/Stable by Standard & Poor's Ratings Services, and their low leverage and strong claims-paying ability results in capital adequacy exceeding the minimum rating agency AAA standard. They are a mutual company domiciled in New York and regulated by the New York Department of Financial Services.
Based in New York, NY, Build America Mutual is a small finance company with only 75 employees and an annual revenue of $4.2M.

Build America Mutual's mission statement

To be the premier financial guaranty insurance company, serving investors with durable, transparent protection against default while acting as an industry utility providing efficient funding and savings for U.S. Issuers who provide essential public infrastructure.

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5.0/5

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The team at Build America Mutual

  • The founders of Build America Mutual is Robert Cochran.
  • The key people at Build America Mutual is Robert Cochran.
Key people
Robert Cochran

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Build America Mutual financial performance

8.2
Performance score

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Zippia gives an in-depth look into the details of Build America Mutual, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Build America Mutual. The employee data is based on information from people who have self-reported their past or current employments at Build America Mutual. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Build America Mutual. The data presented on this page does not represent the view of Build America Mutual and its employees or that of Zippia.

Build America Mutual may also be known as or be related to Build America Mutual, Build America Mutual Assurance Company and Build America Mutual Assurance Company of New York.