The non-profit government program Flood Re has a new member in the worldwide specialty firm MS Amlin.
The scheme, brought in last year, is designed for residents of high risk flood areas and operates around a central fund that companies reinsure those residents through.
All MS Amlin brokers and cover holder partners can sell the policies as of February and for renewal business as of March 1.
“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,”
Martyn Dolan, Leading Class Underwriter of Household at MS Amlin said.
“MS Amlin’s entry into the scheme further demonstrates the strengthening of our mid to high-net-worth home insurance proposition and our commitment to provide brokers with high-quality products that meet the needs of clients.”
Flood Re echoed MS Amlin’s statements.
“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.” A spokesperson for Flood Re said.
“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.”