MS Amlin joins Flood Re scheme
MS Amlin, the global specialty insurer, is pleased to announce that it has joined the not-forprofit UK Government scheme, Flood Re.
Flood Re is a Flood Reinsurance scheme introduced in 2016 to combat the long-standing issue of available and affordable flood insurance for homeowners. It delivers more affordable insurance for households who live in a flood risk area, by creating a central fund to which insurers participating can reinsure households in high risk.
The scheme will be accessible by all MS Amlin brokers and coverholder partners for new business from February and for renewal business from the 1st of March.
Martyn Dolan, Leading Class Underwriter of Household at MS Amlin, commented: “We are delighted to be able to support the Flood Re scheme, providing homeowners with access to affordable cover for their properties in areas prone to flooding.
“MS Amlin’s entry into the scheme further demonstrates the strengthening of our mid to highnet-worth home insurance proposition and our commitment to provide brokers with highquality products that meet the needs of clients.”
A spokesperson for Flood Re said: “We’re delighted that MS Amlin has decided to join Flood Re, and we look forward to working with them to help customers in areas at risk of flooding to access more affordable flood insurance. We have been working closely with insurers and brokers since before launch and we’re very pleased that so many of the UK’s insurance providers, including MS Amlin, are offering policies backed by Flood Re.”
“People should speak to their current insurer to see if it has signed up to Flood Re and shop around to ensure they are able to get the best possible deal. We’ve seen how flooding can devastate homes and families and are proud that thousands of people have benefitted from the scheme since its launch in April 2016.”
Note to editors:
- MS Amlin is the first Lloyd’s syndicate to go live with Flood Re.
- MS Amlin provides mid to high-net-worth home insurance under the Flood Re scheme.
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