NFIP to secure reinsurance cover via ILS deal

The US Federal Emergency Management Agency (FEMA) plans to secure additional reinsurance cover for the National Flood Insurance Program (NFIP) by engaging the capital markets for the first time through an insurance-linked securities (ILS) transaction on or about July 1, 2018.

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NFIP, FEMA, Flood Risk, Insurance, ART, ILS, Reinsurance, US, North America, Roy Wright

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