Archive

Flood Re covers more households despite stormy outlook

A third of all claims since Flood Re's inception were received in 2023/24, in the wake of the winter storms

UK's "dynamic" general insurance stress test will assess real-time reactions to events

Firms will be handed a sequence of stresses over three weeks in May 2025

Flood Re's CEO Andy Bord to step down

Flood Re promotes Laura Evans to chief actuary

Flood Re preserves value of at-risk properties, says Bank of England

UK flood insurers introduce "Build Back Better" scheme

Insurers will pay for homeowners to improve resilience to flooding

Flood Re calls for insurers' support on flood resilience measures

CEO Andy Bord said the Build Back Better proposal offers a way to protect homes prone to flooding

Adaptation key to tackling flood risk, warns Flood Re chief

Andy Bord said adaptation is as important as mitigating future flood risk

COMMENT: At last, some progress towards Building Back Better

Insurers have been poor at helping clients mitigate climate risks, so two initiatives announced this week should be applauded, argues Christopher Cundy

Major storms drive 10-fold rise in claims for Flood Re

Flood Re has also highlighted the global challenge of climate change