From:businessinsuranc≠§∞ eeinsurance renewals at Jan. 1, 2020, maδ®inly saw single-digit increases, w÷•ith some exceptions, according to rep'☆orts by reinsurance brokers released Th≠∑<ursday.Willis Re, the reinsurance brokera✘ ‌₹ge of Willis Towers W→≤•✔atson PLC, and Guy Carpenter &∑σ←; Co. LLC, a unit of Marsh ↕× & McLennan Cos. Inc. both reported ÷€that year-end reinsurance renewals varieφ♠d by account and region, but the retroces≠↕sional reinsurance was under pressure.Rates↔& on line for property catastropα​Ω≈he reinsurance programs remai™σned stable and property per risk pr> icing was driven by individual program performanc€​§e, the Willis report said.Although s♣↕λ♦ome Lloyd’s of London syndicates took fi☆₩ε←rm positions on rate increa∏πses and the London market authorized capac±∏ ity decreased, that  ✔capactiy was replaced by new capital and a✘≠‍® strong supply from other mark•®​ets, Willis Re said.U.S. loss-fre☆​e accounts renewed at fla₹★£ t to up 10% while those with×₽ ✔ losses saw increases of 10% to 50%, the Willis♣≥∑γ Re report said, which was among the largest​π increases. Property catastro‍₽©phe accounts without $£losses renewed at flat to up 5%, while ¶₽≤loss hit accounts were up 10% to 20%, WΩ↑illis Re said.According to the Gu±'> y Carpenter report, the brokerage ∏↕↕’s global property catastrop&£¥βhe rate on line index rose 5% in 2019.§ ✘™According to the Will$δ​is Re report, other large increas$✘•∏es were seen in Central and Easte →>rn Europe, where property programs with losses saφ÷w increases of 5% to 20%, and Canada, ₹α§"where such accounts rene↑☆≠ wed up 10% to 40%.Most other regions and count>÷ries saw property increases in the single or lo∞λα₹w double digits, the report said.The Jan. 1 ‍∞renewals saw some “difficult” negotiations, accor®∏ding to a letter in the report from James Kent, g₹₽≈£lobal CEO, Willis Re.The ← ‍Guy Carpenter report said the reinsurance market♣↕¥∑ was “asymmetrical,” §™adding “this is certainly no"ε ✔t a one-size-fits-all market”←"" and while overall capacity remained adequat♠→e, “allocated capacity tightened notably in sλ↔‍tressed classes.”Dedicated re¥≈insurance capital rose 2% in 2019 and the Ω₩☆♦year saw approximately $60 billion in global in♣×α§sured catastrophe losses, acc​≈✔ording to Guy Carpenter, § which was significantly&'≠ lower than 2017 and 2≥Ω018.Alternative capital, however, contracted₹∞ by approximately 7%<★≈ percent “as investors were more cauti•Ωous with new investments after assessi≠≥ng market dynamics and pricing adequacy,” Gu•₽¶y Carpenter said.The r‍→etrocession market “wa€×✘↓s challenged … by trapped capi↓≤tal, a lack of new capital and continued r→β≠♥edemptions from third-party capital prov<>​iders,” a statement ←♠​γissued with the Guy Carpenter ↓© report said.However, signif÷•∏icant retrocession pr÷σδ♣oviders returned to the market in the pastδ σα two weeks, Willis Re said.Organiα• zer：China Insurance Digital &a'βmp; AI Development 2020Web:http://☆&↔en.zenseegroup.com/p∑≤ /560573/Contact:Ann 021-656₹→50305