Insurance Times ‘Environmental risks have again placed prominently in the World Economic Forum’s Global Risks report Companies in the UK and around the world are sleep-walking into a catastrophe around environmental risk. This is according to Zurich’s group chief risk officer Alison Martin, who spoke to Insurance Times at the World Economic Forum’s launch of the Global […]
Flood Re has released its second transition plan (July 2018) – entitled ‘Flood Re, Our Vision: Preparing for a future of affordable flood insurance” – which outlines its latest thinking on moving to affordable risk-reflective pricing by 2039. The vision sets out 12 areas where Flood Re believes things need to change. These include limiting the risks […]
Lloyd’s posts £2bn loss for 2017 – one of costliest years for natural catastrophes in past decade Following one of the costliest years for natural catastrophes in the past decade, Lloyd’s of London has announced an aggregated market loss of £2 billion for 2017. Announcing the loss in its Annual Report for 2017, the world’s specialist […]
The Environment, Food and Rural Affairs Committee hears from Flood Re and the insurance industry on the affordability and availability of insurance for customers in flood risk areas and the impact of the government-backed Flood Re reinsurance scheme. Brendan McCafferty, Chief Executive Officer, Flood Re and Mark Hoban, Chairman of the Board of Directors, Flood […]
Flood News: Insurance companies are branding new £23m flood defences in a Northumberland town “irrelevant,” an MP has claimed as they continue to charge residents huge premiums. New defences at Morpeth were completed this year on the back of major floods in 2008 and 2012, and have it is claimed massively reduced the risk of nearby properties being flooded. Yet despite […]
Insurance industry invited to prepare for Flood Re Mary Dhonau interviews Aidan Kerr Operations Director at Flood Re. Find out more about the scheme and how it will help thousands of home owners at risk of flooding in the UK https://www.youtube.com/watch?v=7MnMnwraMEw Flood Re, the UK Government’s scheme to pool flood risk, has invited insurers, brokers […]