From:businessinsuranceeinsurance renewal"γ&σs at Jan. 1, 2020, mainly saw single-digiσ₽t increases, with some exceptπ≤ions, according to reports by re₽"↑Ωinsurance brokers released Thursday∑↔.Willis Re, the reinsurance brokerage of Willis →×'ΩTowers Watson PLC, and Guy Carpenter∏♠♦ & Co. LLC, a unit of Marsh & McLennan Cε€​ os. Inc. both reported t★₹hat year-end reinsurance renewals varied ©☆by account and region, ♣±≈but the retrocessional reinsurance was un£₹εder pressure.Rates on li​♠ne for property catastrophe reinsurance programsσ≥✔≤ remained stable and property per↑γ₹↓ risk pricing was driven by in↓‌dividual program performanc≥≥♣e, the Willis report said.Althou"' gh some Lloyd’s of London syndicates t∑♦ ook firm positions on ©"∞ rate increases and the L∑÷₩ondon market authorized capacity decreased,"φ that capactiy was replaced byα' new capital and a strong supply fro↔γ♦m other markets, Willis Re said.U.S.ε× loss-free accounts renewed at flat to ✔¶↑≥up 10% while those with losse§•←γs saw increases of 10♣"% to 50%, the Willis Re report said,₹&  which was among the largest increases. Proper✔≠÷ty catastrophe accounts without losses re  ∞newed at flat to up 5%, while loss hit accouγα↕←nts were up 10% to 20%, Wi↕γllis Re said.According t☆®o the Guy Carpenter report, th¶α↔e brokerage’s global property caΩε δtastrophe rate on line index r↕•σ★ose 5% in 2019.According to the Wil→ε♣$lis Re report, other large increases w÷€ere seen in Central and Eastern Eu​®↔←rope, where property programs with losses ♦∑saw increases of 5% to 20%, and Canada, π↑♥where such accounts ♠€←renewed up 10% to 40%.Most other reg✔φ↑‌ions and countries saw proper₩¶≥ty increases in the single or low®± double digits, the repo®'δrt said.The Jan. 1 renewals    saw some “difficult” negotiations, according to ♥πa letter in the report from James Kent, global ↔♠ΩεCEO, Willis Re.The Guy Carpenter re±≠£‌port said the reinsurance marketφ< € was “asymmetrical,” adding “this is certσ≤ainly not a one-size-fits-all ma∑₹&λrket” and while overall capacity remai↓ €ned adequate, “allocated capacity t£Ω≈ightened notably in stressed c☆$lasses.”Dedicated reinβ÷πsurance capital rose 2% in 2019 and the yea ♣↓r saw approximately $60 billion♦₩£π in global insured catastrophe εγ losses, according to Guy Carpenter, which wa¶♣✘‍s significantly lower than 2017 anδ♥d 2018.Alternative capital, how≤×ever, contracted by approximately 7% percen©∑t “as investors were more ₩↓&cautious with new investments after assessin∞'♦g market dynamics and✔∑ pricing adequacy,” Guy C​πarpenter said.The retrocession marke☆≈✔t “was challenged … b↔&y trapped capital, a lack of new c♣∏↔apital and continued redempt≥‌σ¶ions from third-party capital providers,” a ₹¥ statement issued with the Guy Carp↑©enter report said.However, significant retro±•cession providers returned to the market in the p∏↓γast two weeks, Willis Re said.Organi×¥πzer：China Insurance Dig™₽ital & AI Development 2020W♣<✘​eb:http://en.zenseegrou ™∑‍p.com/p/560573/Contact:Ann 021-∑∑ £65650305