FloodSmart Re Ltd. Series 2019-1

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FEMA’s second cat bond completes, takes NFIP flood reinsurance to $2.12bn

The U.S. Federal Emergency Management Agency’s (FEMA) has expanded its flood reinsurance program for the National Flood Insurance Program (NFIP) to $2.12 billion in size, thanks to the successful completion of the $300 million FloodSmart Re Ltd. (Series 2019-1) cat bond issuance.FEMA's second catastrophe bond, the $300 million FloodSmart Re read the full article →

FEMA’s $300m FloodSmart Re 2019 cat bond to price at top of guidance

Both tranches of FEMA's second flood catastrophe bond are set to price at the top-end of initial guidance, as ILS investors demand a higher level of return from the $300 million FloodSmart Re Ltd. (Series 2019-1) cat bond.The FloodSmart Re 2019-1 cat bond has not upsized though, we understand, as read the full article →

FEMA seeks second NFIP flood cat bond with $300m FloodSmart Re 2019

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 U.S. Federal Emergency Management Agency's (FEMA) first flood catastrophe bond was successfully issued read the full article →