Flood Re confident on lowering levy to £135m for next financial year
Flood Re is confident that its build back better proposals and reduced insurer levy will soon get government approval, CEO Andy Bord has confirmed, as he detailed plans for the organisation to buy lower limits in its own reinsurance programme.
The comments came as Flood Re revealed a pre-tax profit of £142m for the year ended 31 March 2021 with gross written premiums rising by £5m year on year to reach £39m.
The reinsurer paid out £8m for
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