Flood Re still waiting for regulatory approval
Three weeks ahead of the launch CEO Brendan McCafferty says Flood Re has two issues to solve before PRA authorisation.
Brendan McCafferty, chief executive officer of Flood Re, told members of the All Party Parliamentary Group for Insurance and Financial Services that he was confident the scheme would launch on time.
"We have all our people, our systems and technology and our processes in place and we are ready," McCafferty said yesterday.
"Our corporate governance is in place, including our board of directors and the executive team and management team."
He further noted that Flood Re had secured £2.1bn of
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