Flood Re to launch £2.1bn reinsurance procurement
Flood Re is to begin the process to secure £2.1bn of reinsurance cover and is anticipating interest from Bermudian and US companies as well as collateralised reinsurers.
The details of the procurement are expected to be published on the Official Journal of the European Union either today (6 July) or tomorrow (7 July).
Flood Re CEO Brendan McCafferty, pictured
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