US flood programme NFIP cuts cat bond issuance to $275m in 2023

09-03-2023

US flood programme NFIP cuts cat bond issuance to $275m in 2023

The US catastrophe response agency FEMA confirmed sale of $275 million in cat bonds in its latest annual move to share risk from the National Flood Insurance Program (NFIP) with capital markets, a notable decline on prior coverage from the group’s Floodsmart Re programme.


Reinsurance, Flood Insurance, ILS, Alternative Risk Transfer, FEMA, NFIP, Cat Bonds, US

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