FEMA expands personal flood threat switch with US$757.8 million reinsurance settlement

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FEMA expands private flood risk transfer with US$757.8 million reinsurance agreement

The reinsurance construction covers 12.0334% of losses between US$7 billion and US$9 billion and 25.8584% of losses between US$9 billion and US$11 billion. This association provides to FEMA’s earlier capital markets reinsurance placements in 2022, 2023, and 2024, bringing the full quantity of flood threat transferred to the personal sector to US$2.058 billion.