FEMA said to have halted work on FloodSmart Re 2025-1 catastrophe bond
3rd March 2025According to sources, the U.S. Federal Emergency Management Agency (FEMA) has halted preparatory work for a planned FloodSmart Re Ltd. Series 2025-1 catastrophe bond issuance, which we’re told is as a consequence of the oversight and focus on government agencies instigated by the new U.S. Administration.
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