Flood Re: One year on – how effective and successful is the scheme?


April will mark the first anniversary of Flood Re, the non-profit flood reinsurance scheme. As the propensity for flooding increases each year and as more homes continue to be built on flood plains, Post looks at the effectiveness of the scheme, and what the future might hold for Flood Re. Earlier this year, Flood Re said it was on track to back 130,000 policies by its anniversary in April. The scheme’s chief financial officer Adam Golding said that 60 insurance providers were now on board,