FloodSmart Re Ltd. Series 2021-1

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NFIP reinsurance hits high with new $575m flood catastrophe bond

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. FEMA returned to read the full article →

FEMA’s new flood cat bond to settle at upsized $575m, prices down

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 read the full article →

FEMA’s new FloodSmart Re cat bond could be its largest, at up to $575m

The U.S. Federal Emergency Management Agency (FEMA) looks set to secure its largest FloodSmart Re catastrophe bond yet, as the target size for the FloodSmart Re Ltd. (Series 2021-1) transaction has been lifted to between $500 million and $575 million, we're told. FEMA returned to the catastrophe bond market in late read the full article →

FEMA sponsors fourth FloodSmart cat bond, targets $350m+ of reinsurance

The U.S. Federal Emergency Management Agency (FEMA) has returned to the insurance-linked securities (ILS) market for its fourth catastrophe bond issuance, a currently $350 million FloodSmart Re Ltd. (Series 2021-1) transaction, seeking additional flood reinsurance coverage from the capital market for its National Flood Insurance Program (NFIP). As with FEMA's previous read the full article →