The proposed 5 year (+3 additional extension periods of 12 months) agreement within the scope of the soft market
testing will be to replace an existing agreement for the provision purchasing and corporate cards.
All of this points to a continuing soft market
Nomura analysts Cliff Gallant and Mathew Rohrmann say in the report--titled "The Evolution of Reinsurance: Soft Market
to Spur M&A"--that one impact of the growing alternative-capital presence will be further price weakening in property/catastrophe reinsurance rates, followed by weakening across all reinsurance lines before finally affecting primary-commercial rates.
Even if the soft market
wanes in 2012, I doubt we'll see a reversal of this trend.
At some large captives, it's true that tons of cash and claims still come through their doors, even in this soft market
The psychology of the preceding soft market
played a role in the lates changes, said one executive.
Risk managers would be wise to transform the soft market
savings of today into an advantage for the future.
Before you can take full advantage of the soft market
, you need to understand what your current policies do and do not cover.
In preparation for this the council is uploading a soft market
testing questionnaire to review the current supply market.
Commercial rates fell in December 2014 -- sending out warning signs for the return of a soft market
-- while personal rates moderated during the same period, according to a recent report from MarketScout.
In a soft market
, everyone wants to say "yes" to everything.
There are signs the soft market
may continue, courtesy of insurance brokerages, MarketScout reported.
In August 2004, the client's growing business enabled TCC to take advantage of a soft market
and secure 93,000 s/f of contiguous space at 3 Times Square, equipped with the most advanced infrastructure technologies and enough room to accommodate expected growth at a steeply discounted rate.