FEMA raises $500mn from FloodSmart Re cat bond sale

31 July 2018

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The Federal Emergency Management Agency (FEMA) has sourced $500mn of cat bond cover from FloodSmart Re, the ILS market’s first indemnity flood bond, the agency said today.

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FEMA raises $500mn from FloodSmart Re cat bond sale

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FEMA raises $500mn from FloodSmart Re cat bond sale

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Fuel a smarter strategy with our actionable market intelligence

Topics

PCS puts second Hurricane Milton insured loss at $15bn

Fidelis seeking $300mn of named storm and quake coverage

US carriers target cat bond market as deal multiples hold up

Oak Re secures Bain Capital as minority backer ahead of 1.1 launch

ILS market sizing Hurricane Milton losses at around $20bn