FloodSmart Re Ltd. Series 2020-1

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FloodSmart cat bond helps FEMA grow reinsurance lynchpin to $2.53bn

The U.S. Federal Emergency Management Agency (FEMA) successfully secured its latest and third catastrophe bond issuance, FloodSmart Re Ltd. (Series 2020-1), at the upsized target of $400 million, adding to its "lynchpin" flood reinsurance program.With the addition of the latest catastrophe bond FEMA's flood reinsurance coverage for the National Flood read the full article →

FEMA secures $400m of NFIP cat bond reinsurance at mixed pricing

The U.S. Federal Emergency Management Agency (FEMA) has now secured its upsized target of $400 million of catastrophe bond backed flood reinsurance coverage for the NFIP from its third capital markets issuance, the FloodSmart Re Ltd. (Series 2020-1) transaction.FEMA's third catastrophe bond will now provide the Agency with an investor read the full article →

FEMA’s target for FloodSmart Re 2020 cat bond rises to $400m

The U.S. Federal Emergency Management Agency (FEMA) has lifted its target for its third catastrophe bond, with the FloodSmart Re Ltd. (Series 2020-1) transaction now seeking up to $400 million of flood reinsurance protection from the capital market for its National Flood Insurance Program (NFIP).FEMA returned to the capital markets read the full article →

FEMA returns for third NFIP flood cat bond, a $300m FloodSmart Re 2020

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).We understand from sources that the $300 read the full article →