NEW YORK–The flood of capital that has moved into Bermuda in recent years is not responsible for creating or sustaining a soft market, a representative of a Bermuda insurers and reinsurers trade group said here.

Bradley Kading, president and executive director of the Association of Bermuda Insurers & Reinsurers, aired that view during a joint luncheon of the Association of Professional Insurance Women and the Insurance Brokers Association of the State of New York.

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