FloodSmart Re Ltd. Series 2022-1

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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 →