FEMA targets $325m fifth FloodSmart Re NFIP catastrophe bond
The U.S. Federal Emergency Management Agency (FEMA) is back in the catastrophe bond market again, seeking to secure at least $325 million of additional reinsurance protection for its National Flood Insurance Program (NFIP) through a FloodSmart Re Ltd. (Series 2022-1) issuance, which will be FEMA’s fifth cat bond. We explained back last July that FEMA was exploring […]
ILS margin expansion & growth opportunities in a firming reinsurance market
One of the themes coming out of this results season, as re/insurers announce their fourth-quarter and full-year 2021 earnings, is a growing confidence in the ability to expand margins and secure further growth, in a firming reinsurance marketplace. Analysts are becoming increasingly positive with each report they publish and importantly the majority expect underlying margins […]
