Build America Mutual Assurance Company Ney York(NY): Contact Details, Products, Financial Details, Ratings, Claims Process : Insurance Blob

What if you could invest in the future of America while protecting your money from default?

Build America Mutual Assurance Company (BAM) is a mutual bond insurer that guarantees timely payment of interest on municipal bonds.

That’s the promise of Build America Mutual Assurance Company, or BAM for short. BAM is a mutual bond insurer that guarantees the payments of essential public infrastructure projects like roads, schools, and water systems.

BAM-insured bonds are rated AA by S&P Global Ratings and offer transparent and durable protection to investors.

In this article, we will explore how BAM works, what benefits it offers to issuers and investors, and how it contributes to the development of American communities.

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Where is build america mutual located?

Information	Value
Phone Number	+1 212-235-2500
Address	200 Liberty Street, 27th Floor, New York, NY 10281, USA
Customer Service contact	Phone: +1 212-235-2500 <br> Email: info@buildamerica.com <br> Online form: 2
Policy details	Insurance for municipal bonds <br> Protection against default and downgrade <br> AA rating with Stable outlook by S&P <br> More details: 4
Email address	info@buildamerica.com
Fax number	+1 212-235-2575
Operating hours	Monday to Friday, 9:00 AM to 5:00 PM Eastern Time

What does BAM insurance cover?

Build America Mutual Assurance Company (BAM) is a mutual, monoline bond insurer of essential public-purpose U.S. municipal bonds.

BAM offers its insurance to guarantee timely payment of interest and principal on municipal bonds, providing protection against default and a downgrade of the issuer’s rating.

BAM-insured bonds are rated AA with a Stable outlook by S&P Global Ratings.

BAM covers municipal bonds issued by public entities in New York and other U.S. states.

These bonds finance essential public infrastructure projects like roads, schools, and water systems for people.

BAM guarantees the timely payment of interest and principal on these bonds, providing protection against default and a downgrade of the issuer’s rating.

What is the rating of BAM bond insurance?

BAM bond insurance can refer to the Build America Mutual Assurance Company (BAM), which is a mutual bond insurer of essential public-purpose U.S. municipal bonds.

BAM-insured bonds are rated AA with a Stable outlook by S&P Global Ratings.

This rating reflects BAM’s strong capital resources, low risk business, and first-loss reinsurance protection.

What are the benefits of BAM bonds?

They are rated AA with a Stable outlook by S&P Global Ratings, which reflects BAM’s strong capital resources, low risk business, and first-loss reinsurance protection.
They help cities, counties, school districts, and other public entities achieve more efficient access to the capital markets, while investors benefit from BAM’s unconditional promise of timely payment of interest and principal.
They finance essential public infrastructure projects like roads, schools, and water systems that improve the quality of life and economic development of communities.

Build America Mutual Assurance Company New York claims

Claim process: If a BAM-insured bond issuer defaults on its payment obligations, BAM will pay the bondholders the interest and principal due on the bonds, subject to the terms and conditions of its policy. BAM will also pursue its rights and remedies against the issuer to recover the payments made under the policy. BAM does not require bondholders to file a claim or take any action to receive the payments from BAM.
Claim status: BAM provides regular updates on its website about the status of any claims or potential claims under its policies. You can also contact BAM’s Investor Relations team at 212-235-2520 or dfarrell@buildamerica.com for more information.
Required documents for claims: BAM does not require bondholders to submit any documents or evidence to receive the payments from BAM in the event of a default. However, bondholders should retain their original bond certificates or other proof of ownership for their records.
Average claim approval time: BAM does not have a specific claim approval time, as it does not require bondholders to file a claim or take any action to receive the payments from BAM. BAM will make the payments to bondholders as soon as practicable after it receives notice of a default from the trustee or paying agent of the bonds.

Build America Mutual Assurance Company New York Employment & Careers

Job openings: BAM has various job openings in different departments, such as underwriting, finance, legal, technology, and operations. You can find the current openings and apply online at . Some of the positions require relevant experience and qualifications in the field of municipal bonds, insurance, or public finance.
Internship opportunities: BAM offers internship opportunities for college students who are interested in learning about the municipal bond market and the bond insurance industry. The internships are usually for 10 weeks during the summer and involve working on projects with different teams at BAM. You can find more details and apply online at .
Employee benefits: BAM provides competitive compensation and benefits packages for its employees, including health insurance, retirement savings plan, paid time off, tuition reimbursement, and professional development. BAM also supports its employees’ well-being and work-life balance through various programs and initiatives.

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