Build America Mutual raises $150mn from new Fidus Re
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Build America Mutual raises $150mn from new Fidus Re

Fiona Robertson
16 November 2022
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Build America Mutual (BAM) has raised $150mn from a new Fidus Re ILS transaction providing it with collateralised reinsurance on its municipal bond portfolio.

The issuance has been listed on the Bermuda Stock Exchange and carries AA ratings from Kroll Bond Rating Agency, BAM noted in its Q3 results announcement.

BAM

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