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Climate change threatens Flood Re 2039 market exit target

By 2020-07-08T07:57:00

Climate change suspended world

By 2050 flooding annual losses are expected to increase by between 25-85%

Flood Re has said that risks of climate change threaten its ability to exit the market by 2039 following £160m record flood losses in 2019/2020.

This figure is more than the UK government-back reinsurance scheme paid out in the first three years combined and ten times more than the previous year. Read more…

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