Canadian Insurance is still soft market

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.