Reinsurance for Flood Re scheme could reach £2.4bn
Reinsurance coverage required for the Flood Re scheme could be as high as £2.4bn with the broker tasked with coordinating reinsurance arrangements expected to be appointed in Q2.
Speaking at an Insurance Institute of London lecture held at Lloyd’s yesterday, Association of British Insurers deputy director general Huw Evans said Flood Re will require extensive reinsurance
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