FEMA grows NFIP flood reinsurance to $2.12bn with new $300m cat bond

23-04-2019

FEMA grows NFIP flood reinsurance to $2.12bn with new $300m cat bond

The US Federal Emergency Management Agency (FEMA) has secured a $300 million reinsurance placement for the National Flood Insurance Program (NFIP) from the capital markets investors, brings the total flood cover to $2.12 billion.


FEMA, NFIP, Hannover Re, Flood insurance, Catastrophe bond, ILS, Capital markets, Reinsurance, North America

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