M
Member
Speaking in the House of Lords on 10 March 2025
Debate
Flood Reinsurance (Amendment) Regulations 2025Contribution
The noble Baroness, Lady McIntosh, asked about the future of Flood Re. Flood Re Ltd is required to undertake quinquennial—that is a good word—reviews; that is, every five years. It published its second QQR, as they are called, in 2024. As part of that, it is required to consider the transition in 2039, so we are already looking at what will happen then.
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