From:businessinsuranceeinsu€¶÷±rance renewals at Jan. ♦γ↓1, 2020, mainly saw single-digit increa✔$Ωses, with some exceptiΩ✔∞ons, according to repor✘α♣ts by reinsurance brokers released Thursday.WillΩ>is Re, the reinsurance brokerage of ₹φ♣Willis Towers Watson PLC, ★φ®™and Guy Carpenter & Co. LLC, a unit of Mar¥∏<sh & McLennan Coβ s. Inc. both reported that year-end reinsuran γ¶ce renewals varied by a××ccount and region, but the retroces♣∏♣sional reinsurance was un​αder pressure.Rates on line for property catastr☆ ophe reinsurance programs remained stable aγ↓γ§nd property per risk pricing ☆π×↑was driven by individual  ↓program performance, the Willis report s♦≠×$aid.Although some Lloyd’s of London sy‌±ndicates took firm positε$ ions on rate increases and the London ↓γmarket authorized capacity decrea≤₹'§sed, that capactiy was replaced by new capi↕≤♣tal and a strong supply from other markets>→, Willis Re said.U.S®×. loss-free accounts renewed at flat to up™∑¥ 10% while those with losses ♥★←←saw increases of 10% to 50%, the Willis Re r∞$eport said, which was among the largest in¶×☆creases. Property catastrophe γ♠↓¥accounts without losses renewed at flat $¶to up 5%, while loss hit acc≈Ωounts were up 10% to 20%, Willis Re said.Accord€±ing to the Guy Carpenter©• report, the brokerage’s global property cata©↕↑ strophe rate on line index rose 5% in 2019.A♣✔ccording to the Willis Re report, other®" large increases were seen in Central and ★♦Eastern Europe, where property programs↓δ$÷ with losses saw increases of ↓>₩5% to 20%, and Canada, whe£σ¶σre such accounts renewed up 10% to 40%.Mos♣β÷ t other regions and ₽≈countries saw property increaφ≤§≤ses in the single or low§≤© double digits, the report said.The Jan¥¶∞. 1 renewals saw some “difficult” negotiatiγ✔​£ons, according to a letter in the report from Ja♦¥mes Kent, global CEO, Willis Re.The Guy Carpente•δr report said the reinsurance market wa★♣>s “asymmetrical,” adding “this is certain≥ αφly not a one-size-fits-all market” and while ove↓β© rall capacity remained adequate, “allo★±®cated capacity tightened notably  ♠πin stressed classes.”Dedicated reinsuπ∑✘rance capital rose 2% in 20Ω≥δ19 and the year saw approximately $60 b±δillion in global insured ca<>€tastrophe losses, according to Guy Carpe≤✘nter, which was signifiβ‍€cantly lower than 2017 and 2018.Alte¥γrnative capital, howev ♦קer, contracted by approximately 7% percent “as i‌π €nvestors were more cautious with new™¶ investments after assess±≤★ing market dynamics and pric©↑↕ing adequacy,” Guy Carpent♥"er said.The retrocession mark₽☆ et “was challenged … by trapped cap  ✔ital, a lack of new ca£≠$pital and continued redemptions from>∏™ third-party capital pro↔φviders,” a statement issued with the Guy Car₩™£εpenter report said.However, significant retroceβ ≠εssion providers returned to the market in the p'←→ast two weeks, Willis Re said.Organizer：China I∞±nsurance Digital & AI D>ε'®evelopment 2020Web:http:/Ω★ /en.zenseegroup.com/p/560573/Contact:Ann 0©₩™21-65650305