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According to eminent French psychoanalyst Jacques Lacan, the end of psychoanalysis entails "the purification of desire". And it can be seen in the current direction of French facultative reinsurance buyers, where a long examination of the close-knit relationship between fac, treaty and direct placements has identified a strong desire among cedants to reduce their reliance on pure spot fac and instead focus on the direct side of the fac fence.

Among the varied European fac markets, London is recognised as...

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