We're told the move is as a result of increased oversight under the new US government administration
FEMA halts work on new FloodSmart cat bond | | | FEMA said to have halted work on FloodSmart Re 2025-1 catastrophe bond  According to sources, the U.S. Federal Emergency Management Agency (FEMA) has halted preparatory work for a planned FloodSmart Re Ltd. Series 2025-1 catastrophe bond issuance, which we're told is as a consequence of the oversight and focus on government agencies instigated by the new U.S. Administration. FEMA has sponsored a FloodSmart Re catastrophe bond every year since 2020 to provide reinsurance from the capital markets for its National Flood Insurance Program (NFIP). But we're told work that had begun on a Series 2025-1 issuance has now been halted, as a result of the additional oversight and cuts to US government agency spend that has been seen of late, with spend on reinsurance potentially coming in for some scrutiny. Read the full story. | | | | | | Please share this with colleagues and friends if you think they would like to receive it.
If you've been forwarded this but want to subscribe, visit Artemis.
| | | | | | You may be receiving this because you recently attended an industry event we partnered with, giving us permission to email you. If you don't want to receive our weekly ILS, catastrophe bond and reinsurance capital newsletter please Unsubscribe or Edit your subscription here .
© Steve Evans Ltd. - Artemis.bm
| | | |
No comments:
Post a Comment