NFIP

Two FloodSmart Re cat bonds see partial repayments, extend for 1-year on NFIP Helene loss uncertainty – Go Health Pro

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Two FloodSmart Re cat bonds see partial repayments, extend for 1-year on NFIP Helene loss uncertainty – Go Health Pro

Having increased its estimate for National Flood Insurance Program (NFIP) losses from hurricane Helene, we’re told that FEMA has gone ahead with the partial repayment of principal and also extended the maturity dates for two of its FloodSmart Re catastrophe bond tranches.The U.S. Federal Emergency Management Agency (FEMA) had put an initial estimate for NFIP … Read more

Direct cat bond losses still seen unlikely from Helene, but NFIP bonds monitored: Twelve Capital – Go Health Pro

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Direct cat bond losses still seen unlikely from Helene, but NFIP bonds monitored: Twelve Capital – Go Health Pro

Investment manager Twelve Capital has issued an updated event report related to hurricane Helene’s impacts, saying that it still believes direct losses to per-occurrence catastrophe bonds are unlikely, but also notes that it is closely monitoring the NFIP FloodSmart Re cat bonds that cover named storm induced flooding.Last week, after major hurricane Helene had made … Read more

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