From:businessinsuranceβΩ"§einsurance renewals at Jan. 1, 2020, m♠♥≈ainly saw single-digit increases, ≠₹§with some exceptions, ₹ €<according to reports ↓✔by reinsurance brokers ←"released Thursday.Willis Re, t→>Ωhe reinsurance brokeragα e of Willis Towers Watson PLC&™, and Guy Carpenter & Co. LLC, a ₽&unit of Marsh & McLennan↔∏‌ Cos. Inc. both reported that year-₽>☆end reinsurance renewals varied by accou•<nt and region, but the retroce✔↑♥✔ssional reinsurance was under p ✔₹ressure.Rates on line for property catastr✘€ophe reinsurance programs remained stable and pΩ ✔roperty per risk pricing was driven by indivi☆≠>&dual program performance, tπ ←he Willis report said.Although some‌♥ Lloyd’s of London syndi♣ cates took firm positions on rate in↓¶πcreases and the London mar×÷'ket authorized capacity σ♣$decreased, that capactiy ♠₹∏was replaced by new capital and a strong supply fγσ>rom other markets, Willis R↔ε★•e said.U.S. loss-free accounts renewed ↑↕ at flat to up 10% while t™‍≈∞hose with losses saw increases of 10% to 50%↕γλ, the Willis Re report said, which w®≈ ✘as among the largest increases.♣✘ Property catastrophe accounts without losse∞€s renewed at flat to up 5%, while loss hit acc∞★≠♣ounts were up 10% to 20%,"♥ Willis Re said.According to the Guy Carpen©'₽λter report, the brokerage‌≠’s global property catastroph↔₽♥εe rate on line index rosγ££e 5% in 2019.According to the Willis ♠→✔Re report, other large incr λ∏eases were seen in Central §α₹λand Eastern Europe, where pr¶αασoperty programs with ♣&losses saw increases of βσσ∞5% to 20%, and Canada, where such account  §s renewed up 10% to 40%.Most other≥≥♠ regions and countries saw property" ≥α increases in the single or low doublΩ≥∑↓e digits, the report said.The Jan. 1 ren≤☆↓Ωewals saw some “difficu÷♣δβlt” negotiations, according to a letter in the re÷§↑port from James Kent, global CEO, Willis Re.→•The Guy Carpenter report said the reinsura•♥nce market was “asymmetrical,” adding “th±€δis is certainly not a one-size-fits-all market” a♥"nd while overall capacity remained adequate, “alγ πlocated capacity tightened notably in stλ≠∞ressed classes.”Dedicate & d reinsurance capital rose 2% in <​♣2019 and the year saw approximatel×¥♣♠y $60 billion in global insured₩β♦≠ catastrophe losses, according to Guy Carp∏♦₽₽enter, which was sig ₹​nificantly lower than 2017 and 2018.Altern↑÷ative capital, however, contracted✘₩ by approximately 7% percent “as investors were <∑more cautious with n₩‍ew investments after assessing market dynamicsβ₹ and pricing adequacy,” Guy Carpenter said↓←€.The retrocession market “was ch>♠allenged … by trappeγ©↓d capital, a lack of new capital and con€÷tinued redemptions from third-party capital pr≤$>oviders,” a statement issued with¥∞♣& the Guy Carpenter repor‍≠t said.However, significant retrocession provider ₹<s returned to the market♠Ω in the past two weeks, Willis Re £‌÷£said.Organizer：China Insurance♣₽ Digital & AI Development 20✔×20Web:http://en.zenseegroup.com/p/5✘♥60573/Contact:Ann 021-65650305