Build America Mutual Assurance Company has achieved a significant milestone by issuing $275 million in collateralized reinsurance through its Fidus Re Ltd. (Series 2025-1) special purpose vehicle, the largest ILS deal to date. This new offering, which targets financial guarantee insurance risks, reaffirms BAM’s strategy of leveraging capital markets for competitive reinsurance, while attracting a broad array of institutional investors. Source and details of the news