Flood Re
Quiz of the week - 20 November
Test your knowledge of the week's insurance news, with the Post insurance quiz of the week.
Flood Re secures £1.29bn towards reinsurance target
Munich Re and Swiss Re are the leading reinsurers that have so far contributed to the £1.29bn yearly cover for the Flood Re scheme.
Flood Re one step closer with regulations signed
Flood coverage for high risk properties is one step closer today (11 November) with regulations for Flood Re coming into force.
Market Moves - 5 November 2015
All the latest movers and shakers in the insurance industry.
Ex-DLG and Flood Re boss Woolgrove moves to ‘challenger’ bank
Former Direct Line Group personal lines managing director Tom Woolgrove has taken on an interim role as deputy CEO for Oak North Bank, an SME-focused challenger to established high street brands.
State of the Insurer Nation Blog: Working in unison to combat insurance risks
Government and insurers need to cooperate against cyber crime as they already do against traditional risks.
Flood Re hires Bartholomeusz as CRO
Flood Re has appointed Michael Bartholomeusz as its chief risk officer responsible for the scheme's risk management framework.
Excluded properties remain contentious as Lords debate Flood Re regulations
Concerns around timing and excluded properties were raised by members of the House of Lords in debating the regulations to govern Flood Re yesterday (27 October).
ABI defends position on diverted profits tax after Insurer Nation criticism
The Association of British insurers has defended its actions on diverted profits tax after coming in from criticism from insurers.
Flood Re regulations moved to next stage at Westminster
Parliamentary scrutiny of Flood Re has been welcomed after the secondary legislation to make the scheme fully operational in time for its launch next year was considered by a House of Commons Delegated Committee yesterday (15 September).
UK flood risk map incorporates groundwater data
Flood risk consultancy Ambiental has added groundwater data to its UK map, claiming it improves the way insurers assess flood risk at the individual address/building level.
Flood Re starts ‘on-boarding' process
Flood Re has started its on-boarding process that will ensure those businesses wanting to participate in the scheme are ready to use it by April 2016.
Natural Catastrophes: Pool party
Insurers and governments are having to adapt to a world in which natural catastrophes are increasing in frequency and severity. It’s time for a new approach to nat cat.
Insurers advised to prioritise Flood Re access as April inception looms
Insurers run the risk of losing out to faster-moving rivals if they do not prioritise being able to access the Flood Re scheme ahead of its April 2016 inception.
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.
JBA Risk Management selected to model Flood Re risk
Flood modelling specialist JBA Risk Management has been commissioned by Flood Re broker Guy Carpenter to develop a probabilistic loss model for flooding in the UK.
Interview: Huw Evans: Climbing the ladder
Four months after his appointment as Association of British Insurers director general, Huw Evans tells Post his plans for the trade body and how he intends to make being a member worthwhile.
Disaster Response Forum 2015 – keynote speaker: Aidan Kerr
Aidan Kerr is the director of operations for Flood Re.
Despite summer inception Flood Re won't accept first policies until April 2016
Flood Re will not be ready to accept its first policies until April 2016 despite the scheme's systems and infrastructure being in place from summer this year.
Interview: Julian Enoizi: A pool of knowledge
Eighteen months into his role as CEO of Pool Re, Julian Enoizi talks about the changes he has made, how a new government may affect things and offers advice to Flood Re.
Quiz of the week - 10 April
Test your knowledge of this week's news with our just for fun quiz.
Flood Re chair Hoban to take home £150k in first year
Flood Re chairman Mark Hoban is to receive a salary of £150,000 for his first year of work for an expected commitment of approximately seven hours per week.
Market Moves - 2 April 2015
Who has moved where this week.
Property bodies call for delay to final Flood Re regulations
A coalition of property industry bodies have written to Secretary of State Liz Truss calling for the government to delay laying the final regulations of its flood insurance scheme, Flood Re, to ensure that homeowners are not left exposed to rocketing…