Flood Re
Ex-government minister Mark Hoban named Flood Re chairman
Former Financial Secretary to the Treasury Mark Hoban has been appointed to the role of chairman of Flood Re.
Guy Carpenter named as Flood Re broker
Flood Re has ended its long search for a retrocession broker by recruiting Guy Carpenter, while an chairman appointment is also imminent.
Biba plotting commercial solution for properties excluded by Flood Re
Organisations representing properties excluded from Flood Re remain committed to fighting for the scheme to widen its scope, despite plans by the British Insurance Brokers' Association to provide a commercial solution for excluded parties.
Floods: One year on
After the government announced properties in council tax bands H and I would be eligible for Flood Re, how are insurers prepared for future flood events and what have they learned since 2014?
Band H inclusion deemed ‘common sense' by HNW insurers
The government decision to include high tax band properties in Flood Re is a step towards making the scheme more inclusive, high net worth insurers have claimed.
Band H properties to be included in Flood Re
The Department for Environment, Food and Rural Affairs has agreed that band H properties in England and band H and I properties in Wales should be included in the Flood Re scheme.
The POST Power List 2014
After much deliberation, Post finally reveals the top 10 shining lights of the insurance industry, along with details of who we think would play them in a movie of their life, to complete the Post Power List.
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.
ABI demands clarity on long-term flood defence plans
The Association of British Insurers has called for more information on flood defence spending to allay fears of repercussions impacting Flood Re.
‘Constructive’ party conference season dialogue pleases insurance bosses
Flooding and cost of motor insurance and regulation top the agenda
Reinsurance tender under way as Flood Re prepares to name managing agent
Flood Re expects to appoint a retrocession broker for early December after publishing a tender for the reinsurance element of the long-term flood risk solution.
July 2015 implementation unlikely for Flood Re as groundwork continues
Flood Re boss Tom Woolgrove has admitted Q4 2015 date is now more likely
Flood Re live date delayed to Q4 2015
The organisation in charge of implementing Flood Re is now progressing towards the scheme launching in Q4 2015 rather than next summer as planned.
Insurers struggling to grasp flood exposures says S&P
Home insurers may be at risk of understating their flooding exposures due to a combination of poor data and a lack of models, according to Standard & Poor's.
Flood resilience guide for homeowners offers insurance advice
Homeowners at risk of flooding are set to benefit from a comprehensive guide to flood resilience that provides insight on a range of issues including insurance.
Editor's comment: Pitching to the politicians
Later this month the major political parties will hold their final conferences before the 2015 general election — providing a critical opportunity for the insurance industry to influence policy making and politics before manifestos are locked down.
News Analysis: Party conference season approaches
With the Green Party positioning itself as the ‘real opposition’ to the coalition government, reality TV star ‘White Dee’ Deidre Kelly set to speak at the Conservative Party Conference alongside David Cameron and the furore surrounding the ‘Yes’ vote…
Water risk: Water works
On top of the risk from flooding, water scarcity could become a real problem in the near future – so what are the insurance implications of emerging water risks?
High Net Worth: Getting what you pay for?
Premiums in the high-net-worth space are huge compared with an ordinary household policy, but what can brokers do to assure their clients are paying the right price?
Una chair calls for proof 'Britain is open for business' with SME Flood Re inclusion
The chairman of independent regional broking body Una has challenged the government to prove that “Britain is open for business” by facilitating small business growth with the inclusion of SMEs in Flood Re.
ABI defers decision on Flood Re participation for independent Scotland
The Association of British Insurers has refused to rule out the possibility of an independent Scotland being excluded from the insurance industry backed Flood Re scheme.
Flood Re exclusion a possibility for independent Scotland
An independent Scotland could be faced with the prospect of identifying an alternative to the Flood Re scheme established between the UK government and the Association of British Insurers, according to research carried out by Standard & Poor’s.
Blog: Learning from history - Boscastle, 10 years on
With its narrow valley and picture postcard scene, the devastation which struck the small hamlet of Boscastle on 16 August 2004 illustrated like no other event the damage our climate can do. So ten years on, what have we learned?
Flood Re managing agent contract worth £6m per year
The tender for a managing agent for the Flood Re scheme has been published with an estimated annual contract value of £6m.