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Ignorance: the lowest common denominator for spiral formation

As the soft market accelerates, we thought it timely to acquaint our younger readers with one of its least welcome offspring. Over to James Leabeater for sage advice

A spiral of reinsurance works its way through layers of cover like a corkscrew through a wine bottle. If it pops out of the other end, the sharp end can injure the unwary. Everyone knows that the

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