Your search for “"flood catastrophe bond"”

Having recently settled its latest and seventh catastrophe bond issuance, securing more flood reinsurance protection for the National Flood Insurance Program (NFIP), David Maurstad of the U.S. Federal Emergency Management Agency (FEMA), said the cat bond coverage was secured at “favorable terms”.

The U.S. Federal Emergency Management Agency (FEMA) continued to spread its risk with its latest visit to the catastrophe bond market, as the $575 million FloodSmart Re Ltd. (Series 2021-1)  cat bond has lifted its reinsurance program for the National Flood Insurance Program (NFIP) to a new high.

A new report from Swiss Re finds that flood insurance losses are growing rapidly while the insurability of flood as a peril continues to prove difficult for the insurance and reinsurance sectors. No other natural catastrophe impacts as many people on an annual basis, with floods impacting an estimated 500 million people per year. Back […]

The future of the National Flood Insurance Program (NFIP) has been in the balance for some time. There have been repeated calls from reinsurance industry figures and also some politicians to end the public subsidised  NFIP and to allow the private reinsurance and risk transfer markets to step in.

The U.S. Federal Emergency Management Agency (FEMA) has now successfully priced its latest FloodSmart Re Ltd. (Series 2024-1) catastrophe bond issuance, with the deal set to provide the upsized target of $575 million of flood reinsurance protection for the National Flood Insurance Program (NFIP).

The U.S. Federal Emergency Management Agency (FEMA) has raised its target for flood reinsurance from its latest visit to the catastrophe bond market, now aiming to secure up to $575 million of protection for the National Flood Insurance Program (NFIP), with the FloodSmart Re Ltd. (Series 2024-1) cat bond issuance.

Tokio Marine & Nichido Fire Insurance Co. Ltd., the giant Japanese primary insurance group, has returned to the catastrophe bond market seeking issuance of a $100 million Kizuna Re III Pte. Ltd. (Series 2024-1) transaction, that is being issued out of Singapore to provide the company with collateralized earthquake reinsurance protection.

The U.S. Federal Emergency Management Agency (FEMA) is back in the catastrophe bond market, looking to secure at least $350 million of named storm linked flood reinsurance protection for the National Flood Insurance Program (NFIP), with the issuance of a FloodSmart Re Ltd. (Series 2024-1) cat bond.

The U.S. Federal Emergency Management Agency (FEMA) has now finalised its latest catastrophe bond for the National Flood Insurance Program (NFIP), securing an upsized $275 million of flood reinsurance from the FloodSmart Re Ltd. (Series 2023-1) deal, while the notes were priced at the low-end of guidance.

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.