Flood Re
Two 'manageable' issues holding up Flood Re PRA authorisation three weeks from launch, CEO McCafferty admits
Flood Re still has two obstacles to overcome before it is granted authorisation by the Prudential Regulation Authority - despite only being three weeks away from its proposed launch date (4 April).
Legal Update: A sea of trouble for conveyancing
Flood Re is widely welcomed, but it also poses risks for those working in the property field and insurers may see a rise in claims
SME flood scheme to prove 'challenging' to implement despite government talks
Efforts to establish an affordable flood insurance solution for small businesses are ongoing at industry and government level, despite concerns that creating a Flood Re type scheme for SMEs will be “fundamentally challenging”.
C-Suite - Insurer: Supporting flooded businesses
Is a commercial version of the domestic Flood Re needed to provide a long-term solution for SMEs?
Quiz of the week – 12 February
Test your knowledge of the week's insurance news, with the Post insurance quiz of the week.
Winter storm learnings key for Flood Re's future
Learning from the December 2015 floods and longer term data trends will be key to making Flood Re a success, according to its CEO Brendan McCafferty.
Flood Re unveils first transition plan
Flood Re has today (10 February) produced its first transition plan, setting out the expected course of the scheme's main parameters over the next five years.
The Post Power List 2016
In a year where regulation, natural disasters, consolidation and cyber/digital again look set to make waves, and when the country could learn if it’s in or out of the European Union, Post had a mind mapping session – with a bottle of wine – to see who…
Rank: 15 - Brendan McCafferty, CEO, Flood Re
2016 sees ‘D-day’ for Flood Re.
Flood Re completes reinsurance procurement
Flood Re has secured the remaining reinsurance capacity required for its three-year £2.1bn programme.
Flood Re completes exec team with hires from Pro Sight and Pen
Flood Re has completed its executive team with the appointment Harriet Boughton as its general counsel and Karen Clautour as head of operations.
UK floods to 'significantly weaken' 2015 earnings, says Fitch
Ratings agency Fitch said the impact from recent flooding in the UK could weaken earnings for some firms and take the year combined ratio above 100%.
Insurers warned flooding losses could exceed £1bn in wake of Eva
The insured losses from the 2015 flooding could exceed £1bn in the aftermath of storm Eva, endangering some firm’s end of year results, an industry expert has warned.
Review of the Year: Legal
For insurance lawyers, 2015 has been marked by the Medco portal going live in a sustained effort to reform whiplash claims. But the year has also seen major rulings regarding aggregation, costs and rates, all expected to have wide-ranging implications.
Blog: What insurers need to know about Flood Re and the flood levy
Flood Re is the new UK reinsurance vehicle, established to provide a pooling facility to insurers for flood risks they feel unable to retain in their portfolios.
83 postcodes affected as 32mm of rain predicted to fall
Loss adjuster Cunningham Lindsey has received storm and flood claims from more than 83 UK postcode areas, as more heavy rain and wind gusts are predicted for the Northwest today (9 December).
Insurance Debate: Ex-DLG and Flood Re boss Woolgrove says without licences insurance can't be a profession
Former Chartered Insurance Institute president Tom Woolgrove doesn't believe insurance will ever be viewed as a proper profession, primarily because anyone can call themselves an insurer without a proper qualification or licence.
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.