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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

NFIP’s Helene loss estimate rises to $6.75bn. Two cat bonds extended with partial repayment – 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

Artemis has learned that FEMA has increased its estimate for National Flood Insurance Program (NFIP) losses from hurricane Helene, raising the figure to $6.75 billion and as a result two FloodSmart Re catastrophe bond tranches have had their maturity dates extended, with partial repayments of principal to be made.The U.S. Federal Emergency Management Agency’s (FEMA) … Read more

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