Agreement reached on Flood Re

A deal to finalise the details of UK state-backed flood reinsurer
Flood Re has been agreed and will be announced imminently,
The Insurance Insider has learned.
According to sources, announcements on the deal could arrive as
soon as tomorrow (18 December) from the Department for Environment,
Food and Rural Affairs and the Association of British Insurers.
Under the terms of the deal, the scheme will only cover
residential domestic properties, as originally planned, and not
include small and medium