FEMA secures $500m NFIP cat bond with backing of over 35 investors
1st August 2018The U.S. Federal Emergency Management Agency (FEMA) has now secured its $500 million of reinsurance from the capital markets through its first flood catastrophe bond issuance, the FloodSmart Re Ltd. (Series 2018-1) transaction, and more than 35 ILS investors and ILS funds have backed the deal.
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