There are much capital in Canadian reinsurance market.
Some prediction is that soft market will be longer five more years.
Canada’s reinsurance market is flush with enough capital to sustain a soft market for another five years, according to a reinsurance broker speaking at a Professional Liability Underwriter Society (PLUS) Canada chapter education seminar in Toronto. “I believe, firstly, that the soft market has a long, long way to go down yet,†said Jonathan Beach of Beach & Associates Ltd. “The reason I say that is that there is so much capital swishing around in the market.†“Barring catastrophes, which are obviously impossible to predict, I believe we are in for another five years of a softening market,†he said.Canada’s soft market: five more years?
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