NFIP trims reinsurance cover by 7% for 2022 in $1bn placement
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NFIP trims reinsurance cover by 7% for 2022 in $1bn placement

Samuel Casey
07 January 2022
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FEMA NFIP logo flood damage.jpg

The National Flood Insurance Program (NFIP) has announced the purchase of $1.064bn of private reinsurance for 2022, down 7% from the cover obtained last year.

The annual reinsurance agreement is effective throughout the year and was placed with 28 reinsurers in the private market, four fewer than last year.

The

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NewsRenewalsRe/insurers
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Samuel Casey
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