Affordable flood cover - Flood Re set to go live in 2016 after £2.1bn deal
Flood Re, the scheme to ensure affordable flood insurance cover will be available to UK households in areas of high flood risk, is set to go live in 2016 after securing a £2.1 billion reinsurance deal.
Flood insurer posts €3.3bn profits in 2013
Munich Re, one of the world’s leading insurance companies, has posted a €3.3 billion profit for 2013 (2012: €3.2bn) and announced an increased dividend of €7.25 per share.
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