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?