There are differing views on how long and deep this pending soft market
cycle may last," said Kerr.
Further, Nomura expects that the availability of cheap reinsurance will exacerbate the fight for market share at the primary level, leading to a traditional soft market
But for most captive owners, running property or general liability or workers' comp through Vermont or Bermuda, the most sense would be to give the captive a rest and ride this soft market
until the traditional market cries uncle.
Several insurance companies posted exceptional revenue, and industry profit growth peaked in 2007--a key indicator that the soft market
is in full swing.
This type of analysis can be especially effective in a soft market
because insurers are more willing to make changes to plug potential gaps in coverage when they are competing for your business.
We are on a cusp of a soft market
," says Richard Kerr, CEO of MarketScout.
Everyone can get a cheap price in a soft market
, so what makes you stand out from the competition?
As we continue to contemplate when the market will turn, we must consider outside distribution changes that could further prolong the soft market
," MarketScout said in a statement accompanying the report.
Tenders are invited for bathroom modernisation programme for swindon borough council housing stock - soft market
A traditional soft market
is coming as alternative capital-driven pricing pressure in the reinsurance market flows to the primary market, a recent Nomura report contends.