Fidus Re Ltd. (Series 2022-1)

One of the insurance-linked securities (ILS) sponsored by financial guarantee and municipal bond specialist Build America Mutual Assurance Company has had its ratings revised to Positive from Stable by Kroll Bond Rating Agency (KBRA), while another two remain at Stable.

Build America Mutual Assurance Company, the financial guarantee and municipal bond specialist, has returned to the insurance-linked securities (ILS) market and secured another $150 million of collateralized reinsurance through a new Fidus Re Ltd. (Series 2022-1) securitization and note issuance.