ABI holding off Flood Re contracts as government talks continue
The Association of British Insurers is holding off contracting with a managing agent and a reinsurance broker for the Flood Re scheme due to ongoing discussions with government around the initiative's secondary legislation.
The appointment of a managing agent was expected in October 2014 while the reinsurance broker procurement was expected to start in September 2014.
An ABI spokesman said: "We are currently in ongoing
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