Cat bond issuance reaches $9.7bn in 2018, rate hardening expected: Swiss Re
Munich Re unveils new US flood cover for small businesses
Hurricane Irma claims exceed $1.1bn
FEMA warns over NFIP expiration
The Federal Emergency Management Administration (FEMA) will launch a cat bond to transfer risk from the National Flood Insurance Program (NFIP) to the capital markets through Flood Smart Re, a Bermuda-domiciled insurance vehicle.
NFIP, FEMA, Reinsurance, Catastrophe bond, Flood, Risk transfer, ILS, Capital, Flood Smart Re, Insurance, Reinsurance, RAA, Frank Nutter, North America