HG Global
Build America Mutual
Ownership Period:
2012 – Present
Headquarters:
Hamilton, Bermuda (HG Global) and New York, New York (BAM)
Sector:
Financial Guaranty Insurance
HG Global, through its wholly-owned reinsurance subsidiary HG Re, provides first-loss protection of up to 15%-of-par outstanding for each policy assumed from Build America Mutual (“BAM”).
BAM is the first and only mutual municipal bond insurance company in the United States. By insuring the timely payment of principal and interest, BAM provides market access to, and lowers interest expense for, issuers of municipal bonds used to finance essential public purposes. BAM is owned by and operated for the benefit of its policyholders.