FloodSmart Re Ltd. Series 2022-1
Climate change a driver for FEMA’s use of cat bonds & reinsurance: Maurstad
The U.S. Federal Emergency Management Agency (FEMA) has hailed the successful completion of the issuance of its new $450 million FloodSmart Re Ltd. (Series 2022-1) catastrophe bond, which has expanded the capital markets participation in the National Flood Insurance Program’s (NFIP) reinsurance tower. As we explained more than one week ago, read the full article →
FEMA gets $450m FloodSmart Re cat bond, lifts ILS share of NFIP reinsurance
The U.S. Federal Emergency Management Agency (FEMA) has now secured the $450 million upper-target for its new FloodSmart Re Ltd. (Series 2022-1) catastrophe bond, with the deal set to more than replace a maturing cat bond and lift the capital markets share of the National Flood Insurance Program's (NFIP) reinsurance read the full article →
FEMA sets $450m upper target for new FloodSmart Re cat bond
The U.S. Federal Emergency Management Agency (FEMA) has now lifted its upper-target for its new FloodSmart Re Ltd. (Series 2022-1) catastrophe bond to seek as much as $450 million of reinsurance protection for its National Flood Insurance Program (NFIP). This new FloodSmart Re 2022-1 catastrophe bond is the fifth in the read the full article →
FEMA targets $325m fifth FloodSmart Re NFIP catastrophe bond
The U.S. Federal Emergency Management Agency (FEMA) is back in the catastrophe bond market again, seeking to secure at least $325 million of additional reinsurance protection for its National Flood Insurance Program (NFIP) through a FloodSmart Re Ltd. (Series 2022-1) issuance, which will be FEMA's fifth cat bond. We explained back read the full article →
