Build America Mutual Assurance Company

Build America Mutual Assurance Company (BAM) is a mutual bond insurer owned by its members, which are the U.S. municipalities that use its insurance. Established in 2012, BAM's mission is to provide efficient, transparent, and durable credit enhancement for issuers of municipal bonds that finance essential public infrastructure, such as schools, utilities, and transportation facilities. The company is known for its strong financial ratings and its commitment to serving the interests of its municipal members rather than public shareholders.