The reinsurance structure 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 arrangement adds to FEMA’s previous capital markets reinsurance placements in 2022, 2023, and 2024, bringing the total amount of flood risk transferred to the private sector to US$2.058 billion.