Marsh's Project Noah will not work and has no insurer support, claims ABI
The Association of British Insurers has slated the flood reinsurance idea floated by broker Marsh and Guy Carpenter, claiming that it won't work and insurers don't back it.
Marsh yesterday revealed details of its Project Noah plans and said it has tested it with insurers and had insurer backing. But, questioned by Post, the company refused to name a single insurer
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