Your search for “"flood cat bond"”

The U.S. Federal Emergency Management Agency (FEMA) is planning to sponsor another FloodSmart Re catastrophe bond to provide flood reinsurance to the National Flood Insurance Program (NFIP) and is seeking proposals from potential reinsurance transformer partners.

Japanese primary insurance group Tokio Marine & Nichido Fire Insurance Co. Ltd. is back in the catastrophe bond market for its first issuance to cover typhoon risks in Japan since 2011 and the company is also seeking reinsurance protection against Japanese flood losses through this new Umigame Re Pte. Ltd. (Series 2021-1) issuance as well.

The U.S. Federal Emergency Management Agency (FEMA) will be delighted with the outcome of its latest visit to the catastrophe bond market, as its FloodSmart Re Ltd. (Series 2021-1)  issuance will now secure the upsized target of $575 million of reinsurance protection, while pricing has been fixed at the bottom of an already reduced range.

Mitsui Sumitomo, an MS&AD Holdings insurance company, has returned to the catastrophe bond market to top-up its capital markets backed reinsurance protection with a currently $75 million Akibare Re Pte. Ltd. (Series 2020-1) Japan typhoon and flood risk transaction.

The U.S. Federal Emergency Management Agency (FEMA) is back in the catastrophe bond market with a $300 million FloodSmart Re Ltd. (Series 2020-1), which will be its third transaction seeking flood reinsurance coverage from the capital market for its National Flood Insurance Program (NFIP).

FEMA has returned to the capital markets and ILS investors with a $300 million FloodSmart Re Ltd. (Series 2019-1), seeking support for its second flood catastrophe bond to transfer risk from the National Flood Insurance Program (NFIP).

The first flood catastrophe bond, sponsored by the U.S. Federal Emergency Management Agency (FEMA) to transfer risk from the National Flood Insurance Program’s (NFIP) risk to the capital markets, was a “very significant” transaction for the ILS market, according to Fermat Capital Management’s John Seo.

The U.S. Federal Emergency Management Agency (FEMA) has launched its awaited first catastrophe bond to transfer risk from the National Flood Insurance Program (NFIP) to the capital markets and is seeking $275 million of reinsurance protection from a FloodSmart Re Ltd. (Series 2018-1) issuance.

The U.S. Federal Emergency Management Agency (FEMA) has confirmed its intention to enter the insurance-linked securities (ILS) market for the first time for a mid-year 2018 transfer of risk from the National Flood Insurance Program (NFIP), to secure capital markets backed source of flood reinsurance using a catastrophe bond.

One of the bills calling for the use of catastrophe bonds, collateralized reinsurance and other private market risk transfer tools to lower the risk held by the U.S. National Flood Insurance Program (NFIP) will now be heard before a Senate committee.