From:businessinsuranceeinsurance renewal≠πs at Jan. 1, 2020, mainly ↓$γsaw single-digit increases, with s≥→ ♠ome exceptions, accordin∞§♦¥g to reports by reinsurance broke£&rs released Thursday.Willis Re, the rei ≤nsurance brokerage of Wi≈₩llis Towers Watson PLC, and Guy Carpenter €π®& Co. LLC, a unit of Marsh & McLennan Cos<∑₹φ. Inc. both reported that year-end reinsurance ≈ ☆≠renewals varied by account and region, but the re≈¶≤trocessional reinsurance w®π∏¶as under pressure.Rates on line ←€÷§for property catastrophe reinsurance programs ←€↔∏remained stable and properλ"×÷ty per risk pricing was d®€riven by individual ∏&program performance, the Wi™∑llis report said.Although some Lloyd’s of₹ε London syndicates took firm positionsλ≈±↕ on rate increases and the London mark$¶$et authorized capacity decreased, that capactiy w•βas replaced by new capita↑→l and a strong supply from other ©εmarkets, Willis Re said.U.S. loss÷✘↔β-free accounts renewe¥ ±d at flat to up 10% while thos‍♠e with losses saw inc≥γ<reases of 10% to 50%, the Willis Re report sa←α"≠id, which was among the largest increases. Prope'↕rty catastrophe accounts without losses renewed ≤&¥δat flat to up 5%, while loss hit accounts were u♠↓​≥p 10% to 20%, Willis Re said.According to the GuΩσβ★y Carpenter report, the brokera§✘€ge’s global property c∏§δφatastrophe rate on line iσ∞↔ ndex rose 5% in 2019.According to the Wil&☆•'lis Re report, other large increases wer'δ€e seen in Central and Eastern Europe, where prΩ ε"operty programs with losses saw increases of ∞"₹5% to 20%, and Canada, where suchε→ accounts renewed up 10% tε✔×♥o 40%.Most other regions and™♥α countries saw property increases in the single o≤×r low double digits, the repo$∑rt said.The Jan. 1 renewals saw some “di★∏fficult” negotiations, accordin♥'®•g to a letter in the report fr★¶∑om James Kent, global CEO, Willis Re.The Guy Cσ $¥arpenter report said the reinsurance β‍market was “asymmetric↓♣al,” adding “this is c™§≤'ertainly not a one-size-fits-₹₹all market” and while ov★•£erall capacity remained adequate, “allocateλπ↑d capacity tightened notably in stresse≠>♦ d classes.”Dedicated re•$insurance capital rose 2% in €™&2019 and the year saw approximat ₩ely $60 billion in glo∑¥bal insured catastrophe losses, aφ×ccording to Guy Carpenter, which♣α‌​ was significantly l₹​ower than 2017 and 201‌♥8.Alternative capital, howe""ver, contracted by approximately 7%ε¶ percent “as investors were more cautious with n$₩βew investments after assessing ₹>market dynamics and pricing adequacy,” Guy Carpenλ↕ter said.The retrocessio→<n market “was challenged … by tσ↑rapped capital, a lack o®©f new capital and conti±‍₹≤nued redemptions from third-party capita ♣₩₹l providers,” a statement issued with the Guy C→ &arpenter report said.Howev♦≤er, significant retrocession★× providers returned tφ♣o the market in the past two weeks,± ‌← Willis Re said.Organizer：China©↔≠ Insurance Digital & AI Devel× opment 2020Web:http://en.zenseegroup.com/p/5®σ60573/Contact:Ann 021-65650305