Capita wins Flood Re MGA tender

Insurance outsourcing firm Capita has been appointed as the
managing general agent (MGA) and service provider for UK
state-backed flood reinsurer Flood Re, The Insurance
Insider can reveal.
Sources said that Capita had fought off competition from a
number of other bidders to secure the contract.
In October, the Association of British Insurers (ABI) said it
had received a "healthy response" to its managing agent
tender from a number of organisations.
Flood Re is also understood to have