FloodSmart Re Ltd, founded in 2015 and based in Bermuda, is a prominent reinsurance company focused on providing innovative solutions for flood risk management. The company offers a range of products, including reinsurance coverage specifically designed to mitigate the financial impacts of flooding for insurers and policyholders.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| FLOREL 16.03% 2025-02-25 USDFloodSmart Re Ltd | Bermuda | 2025-02-25 | 16.031 | 0.00 |
| FLOREL 18.53% 2025-02-25 USDFloodSmart Re Ltd | Bermuda | 2025-02-25 | 18.531 | 0.00 |
| FLOREL 19.39% 2027-03-12 USDFloodSmart Re Ltd | Bermuda | 2027-03-12 | 19.393 | 16.05 |
| FLOREL 21.03% 2026-02-26 USDFloodSmart Re Ltd | Bermuda | 2026-02-26 | 21.031 | 20.84 |
| FLOREL 22.64% 2027-03-12 USDFloodSmart Re Ltd | Bermuda | 2027-03-12 | 22.643 | 18.26 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Since its inception, FloodSmart Re Ltd has actively participated in the bond market, issuing its inaugural catastrophe bonds in 2016 to support its unique flood reinsurance offerings. Noteworthy was the issuance of a $200 million bond in 2020 that provided investors with a higher yield relative to industry norms, reflecting the growing demand for flood-related risk transfer solutions. These bonds feature special arrangements that allow for triggers based on specific flooding metrics, making them attractive to investors seeking exposure to emerging risks while also providing a safeguard against extreme weather events.