From:businessinsuranceeinsurance renewals at↓α∑> Jan. 1, 2020, mainly saw single-digit increases✘‌<, with some exceptions, according to repβ₹$orts by reinsurance brokers released Thurs∏φ>✘day.Willis Re, the reinsu§φrance brokerage of Willis Towers Watso☆γ€≈n PLC, and Guy Carpenter &₩π★amp; Co. LLC, a unit of MarΩ≤‌sh & McLennan Cos. Inc. bothπ± reported that year-end reinsurance renewals vα∑aried by account and region, but theφ ≈☆ retrocessional reinsurance was under pres∞γ±sure.Rates on line for§♥≥≠ property catastroph∑₩e reinsurance programs remained stβ$δable and property per risk pricing‌α was driven by individual program performance, t¶¥•he Willis report said.Although s♦&÷ome Lloyd’s of Londonαα± syndicates took firm positions o​™‍n rate increases and the London market authorizeφ™¶'d capacity decreased, that capactiy ☆δwas replaced by new capital and a Ωε♥ strong supply from other markets, Willis Re sa♣∞id.U.S. loss-free accounts renewed at flat to <Ω≤up 10% while those wi↓‌Ω™th losses saw increases of<δ©← 10% to 50%, the Wil®Ωlis Re report said, which was among ​<the largest increases. Propertyφ♠ catastrophe accounts without los‌‌∑ses renewed at flat to up 5%, wφ♦→hile loss hit accounts ★σwere up 10% to 20%, W β illis Re said.According£✘§φ to the Guy Carpenter report, the brokera±εσge’s global property cat♠βφ€astrophe rate on line index rose 5% in 2019.₹→‍​According to the Willis Re report, oth"σ♠er large increases were seen in Central a↑σnd Eastern Europe, where property progrγ '↑ams with losses saw incr✔"<eases of 5% to 20%, an≠•d Canada, where such accounts ♦βrenewed up 10% to 40%.Most other regions an¥→d countries saw property increases in the siδ≠'ngle or low double d→₽™♦igits, the report said.The Jan. 1  ÷renewals saw some “difficult” negotiations↔≠≤∑, according to a letter in ÷♠the report from James Kent, global CEO, Willisδγ‌ Re.The Guy Carpenter report said the reinsur$​☆ance market was “asymmetrical,” adding “this§©± is certainly not a one→♠•-size-fits-all market” and while overall capacity¶β remained adequate, “alloc™λated capacity tightened notably in stressed c∞ lasses.”Dedicated reinsuranc•≥&e capital rose 2% in 2019 and the year saw app‍×roximately $60 billion in​↓₽∞ global insured catastrophe losses, a₽™ccording to Guy Carpenter, which was si‍♠gnificantly lower than 2017 and 2018.Altern>≈ative capital, however, contδ÷ £racted by approximately 7% percent “a∏☆s investors were more cautious with new invest∞≠ments after assessing market dynamics aσ‍✘'nd pricing adequacy,” Guy Carpenter said.The≥δ± retrocession market “was challenged … by trapp♦&→₹ed capital, a lack of new ₹Ω∑↕capital and continued redemptions from th✘"₹ird-party capital providers,” a statement issued§‌∑ with the Guy Carpenter ∑™≤report said.However, significantαπ•& retrocession provide÷←rs returned to the ma≥↕§•rket in the past two weeks, Willis Re >®said.Organizer：China Insurance Digital &±≈✔& AI Development 2020Web:http://en£δ.zenseegroup.com/p/560573/Conta≈✔λct:Ann 021-65650305