UK flood reinsurer pushes to cap claims and lift premiums

Picture of Insurance Nerds Editorial Team Insurance Nerds Editorial Team : Jul 1, 2026 10:27:45 AM

UK flood reinsurer pushes to cap claims and lift premiums

Flood Re Plans to Cap Claims and Increase Premiums

The UK flood reinsurer Flood Re is considering implementing a cap on claims and raising premiums. This move is attributed to the organization being burdened by expensive properties, which it claims have made the reinsurance scheme "regressive." The adjustments reflect Flood Re's efforts to manage the financial sustainability of the scheme.

Original Source: https://www.ft.com/content/bf05df98-ce95-4ee0-b694-caeea8600b9a
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