Insight and Intelligence on the London & International Insurance Markets 24 Apr 2018

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Fema plans to make ILS flood debut in July

  • Lucy Jones 4 April 2018
  • The US Federal Emergency Management Agency (Fema) plans to turn to the insurance-linked securities (ILS) market to bolster its flood cover through a July placement.

    In a public notice published on Monday, Fema said it would secure additional reinsurance for the National Flood Insurance Program (NFIP) through an ILS transaction on or around 1 July, sister publication Trading Risk reported.

    This will be the first time the agency has turned to the capital markets and will expand the role of...

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