Canada Reinsurers Dropping Like Flies; Over $100M Of Capacity Gone
Canada Correspondent
Toronto
The Canadian reinsurance market has seen unprecedented consolidation despite the fact that licensed reinsurers have increased total premiums by more than 75 percent over the past two years of the hard market.
From September of last year to date, four licensed reinsurers, representing about $140 million in annual capacity, have either withdrawn from the marketplace or indicated their intention to do so by the year end.
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