Flood Re completes £2.1bn retro

Flood Re, the UK's government-backed reinsurance scheme, has
secured the final tranche of its retrocession cover, taking its
reinsurance limit to £2.1bn ($3bn).
The carrier's three-year programme is one of the five
largest natural peril reinsurance deals struck globally and the
second biggest in Europe.
Brendan McCafferty, CEO of Flood Re, commented: "Securing
£2.1bn in annual protection is an important milestone towards
Flood Re being ready to accept policies for flood risk househol