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The pooled parametric insurance arrangement was trigged by localised drought.
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Guy Carpenter, Aon and Gallagher Re are each understood to be preparing to enter the nascent sector.
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The follow-only vehicle initially launched in January with a more limited set of permissions.
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Experts say cyber ILS offerings including cat bonds could be near, but concerns over structures, modelling and correlation persist.
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The agency highlighted potential aviation losses from the war ranging from $6bn to $15bn.
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As part of the deal, ICEYE will provide Fermat with near real-time flood data for large-scale events.
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Windstorm Nadia/Malik was one of several to strike the region this winter.
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The company hired Ambac’s Scott Snyder as president of fronted programs.
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The 2020s is the key decade for action to limit global warming and its impacts.
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Cyber reinsurance premiums may exceed those of property cat by 2040.
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The move reflects the firm’s growing interest in risks beyond nat cat.
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The issuance will be the fifth time to market in FEMA’s cat bond series