Swiss Re Insurance-Linked Fund Management

Original Risk: A Society for Change Agents

FloodSmart Re Ltd. Series 2022-1


FEMA targets $325m fifth FloodSmart Re NFIP catastrophe bond

31st January 2022

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.

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