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<p>The salary of the CEO of the Flood Re Scheme is a matter for the Directors of Flood
Re who undertook the recruitment, and the Association of British Insurers whose members
are currently funding the project set up costs including staff costs. It was determined
by reference to current market rates for a reinsurance company. The salary will in
future be funded from the Flood Re income and be disclosed in its annual report and
accounts, which will be laid before Parliament as a public document.</p><p> </p>
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