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Flood Re is a re-insurance Scheme that makes flood cover more widely available and affordable. It is a joint initiative between the UK Government and Insurers, with all UK home insurance providers required to contribute to the Flood Re Scheme.
The Flood Re business gathers and aggregates flood risk of eligible residential homes insurers from members. The transfer of that risk into the global reinsurance and risk transfer markets is a critical function in the business that allows the Scheme to operate within its government agreed parameters, limits and boundaries and be sustainable.
The development of a sustainable model will require ongoing development of the Scheme, its parameters and the terms and conditions within the inbound and outbound treaties. This will require influence of stakeholders and input to the Quinquennial Review (QQR) and Transition Plan. This role pres...