FEMA secures another $275m of flood reinsurance for NFIP

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Reinsurance News - Mar 09, 2023

The US Federal Emergency Management Agency (FEMA) has returned to the capital markets to secure another $275 million of reinsurance protection for the National Flood Insurance Program (NFIP). The FloodSmart Re Ltd. (Series 2023-1) deal marks the sixth time that FEMA has utilised Hannover Re to acces...

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