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One of the largest facultative reinsurers still does not have a feel for the scale of its contingent business interruption (CBI) exposures to the Thai flooding, Inside FAC understands, raising the prospect that the upper estimates of insured losses for this event could yet be realised.

The comments, made by the reinsurer's property head, suggest that, as with Japan, it could take the market some time to properly digest the scale of its CBI exposures, which are notoriously difficult to...

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