UK regulators approve Flood Re

The UK's Prudential Regulation Authority (PRA) and Financial
Conduct Authority (FCA) have approved state-backed flood reinsurer
Flood Re.
In an announcement made today (31 March) Flood Re confirmed the
authorisation meant that the company would go live on 4 April.
Flood Re CEO Brendan McCafferty said that the scheme would be
ready to accept policies on that date.
"A list of insurers that will be using the scheme will be
available on the Flood Re website from the evening of...