Flood Re
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…
Flood Re appoints former Canopius head of capital
Gary McInally has been appointed as chief actuary for government-backed flood scheme Flood Re.
Blog: Tackling flood risk now for future generations
Last winter, the misery and devastation suffered by many flooded businesses and homes starkly highlighted the need to improve flood defences to better protect properties for the future.
Flood Re regulations laid before parliament
Flood Re's secondary legislation was yesterday (19 March) laid before parliament marking the completion of negotiations with government around the scheme.
Political Interview: Ian Swales: Make your voice heard
In the third of Post’s political interviews, Liberal Democrat Treasury spokesman Ian Swales speaks out on the importance of the European Union and why the insurance industry must learn to shout
Flood Re to drive household rates rise in 2015, claims L&G boss
The expense of complying with Flood Re will help drive single digit rate movement in the household market this year, according to Legal and General director of general insurance Mark Holweger.
Capita named as Flood Re managing agent
Capita has been appointed Flood Re's managing agent for a five-year term.
Interview: Brendan McCafferty: Closing the floodgates
With just months to go until Flood Re is expected to be operational, CEO Brendan McCafferty gives Post a run-down of what he and his team need to achieve
Video: Flood Re CEO Brendan McCafferty
Flood Re CEO Brendan McCafferty tells Post reporter Katie Marriner what attracted him to take on the role as well as what has been keeping him busy since taking the helm of Flood Re in October 2014.
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.