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Big Interview: Perry Thomas, Flood Re

Perry Thomas Flood Re

A decade after Flood Re was created to solve the UK’s flood insurance crisis, CEO Perry Thomas says its biggest challenge is ensuring the scheme’s success does not prevent the market from preparing for its planned closure in 2039.

A decade on from the launch of Flood Re, CEO Perry Thomas says the reinsurer has been “very successful” in solving the market failure that led to its creation and has ensured households at high risk

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McGill sold to EQT for $2bn

McGill and Partners and private equity firm EQT have entered into a definitive agreement in which the latter will acquire a majority stake in the former for $2bn (£1.5m).

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