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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.
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NFIP, FEMA, Reinsurance, Catastrophe bond, Flood, Risk transfer, ILS, Capital, Flood Smart Re, Insurance, Reinsurance, RAA, Frank Nutter, North America
