FEMA sponsors fourth Cat Bond FloodSmart, targets over $ 350 million in reinsurance – Artemis.bm
FEMA sponsors fourth Cat Bond FloodSmart, targets over $ 350 million in reinsurance – Artemis.bm
The U.S. Federal Emergency Management Agency (FEMA) has returned to the insurance-linked securities (ILS) market for its fourth catastrophe bond issue, a transaction currently worth $ 350 million FloodSmart Re Ltd. (series 2021-1), seeking additional reinsurance coverage against floods. capital market for its National Flood Insurance Program (PNIF).As with previous FEMA FloodSmart Re catastrophe…