ABI still 40% short of capacity for fire safety scheme
The Association of British Insurers’ Fire Safety Reinsurance Scheme, designed by McGill and Partners, is still some way off launching, despite numerous claims it would be ready by the end of summer 2023.
The ABI’s director of general insurance policy, Mervyn Skeet, wrote a blog at the end of last year stating the facility is not ready yet because “sufficient reinsurance capacity is not yet in place”.
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