Climate change a driver for FEMA’s use of cat bonds & reinsurance: Maurstad
24th February 2022The 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.
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