Will 'Godzilla' Crush Insurance 'Bambis'? WhenI hear talk of softening rates and an imminent end to the hardmarket, I think of the animated short film “Bambi Meets Godzilla.”Ill try to recall the two-minute plot:

Bambi is peacefully grazing in a green field, surrounded byDisneyesque butterflies and birds. The credits are rolling, listingthe director, the animator, etc. Suddenly, Godzillas foot descendsfrom the heavens to squash little Bambi like a fly. All you see areBambis four legs protruding from a big Godzilla foot and the words,“The End” rolls up to complete the film. The film ends before itbegins.

Perhaps this is stretching for a metaphor, but just like thefilm, there is talk that the hard market will end prematurely. Irepeatedly hear people say the cycle is inevitable. One of the lastreinsurance executives to tell me that is spending more time withhis family in France, having lost his job, while his company reelsfrom serious losses.

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