From:businessinsuranceeinsurance renewals at J"¥an. 1, 2020, mainly saw single-digit increa>ε₩ses, with some exceptions, according to re ∞₹σports by reinsurance brokers released Thursda×$♠σy.Willis Re, the reinsurance brokerage >σof Willis Towers Watson PLC, and Gu≠₩y Carpenter & Co. LLC, a unit of Marsh &am★δ↔p; McLennan Cos. Inc. both reportβα✘±ed that year-end reinsurance r↓σ•↓enewals varied by account and region, →♣÷but the retrocessional reinsurance was under ±¶ pressure.Rates on li≤​ne for property catastrop₹≥™he reinsurance programs remained stable and prope✘♠<rty per risk pricing wa∑✔s driven by individual program perform♦₽ance, the Willis report said.Although some Llo✘γyd’s of London syndicates took firm positions ₽δ≥on rate increases and the Lon εαdon market authorized cap ε×acity decreased, that c• γ↑apactiy was replaced by new capital a‍‍≈φnd a strong supply from ←§other markets, Willis Re said.×↕☆U.S. loss-free accountsק£ renewed at flat to up 10% while those wi±♦th losses saw increases of 10% to 50%, the Williσ∑✔s Re report said, which was among the lar♥¶©‌gest increases. Property catastrophe a≠<ccounts without losses renewed at ♦¶∞flat to up 5%, while loss hit accounts were π'up 10% to 20%, Willis Re said.Accor$γ"£ding to the Guy Carpenter report, the brokerage₩‍’s global property catastrophe&∏¥✔ rate on line index rose 5% in 201 ¥₩9.According to the Willis Re ✘±↔&report, other large increases were seen i✘•n Central and Eastern Europe, where propδ"✘±erty programs with losses saw increases of 5% toπ•♥  20%, and Canada, where such accounts renewed§÷ up 10% to 40%.Most other regions and count‍'×ries saw property inc↔ ♦reases in the single or low doub₩¥le digits, the report sai≤®d.The Jan. 1 renewals saw some “difficu​≥lt” negotiations, according to a ≤÷₩letter in the report fro'§δm James Kent, global CEO, Wi ©llis Re.The Guy Carpenter report said the reβ→¥'insurance market was “asymmetrical,” adding “&↓≤×this is certainly not a one-size-fits-all market”αδ÷' and while overall capacit¶φy remained adequate, “allocated capa↓‌ ™city tightened notably in stressed classes.”D& ™edicated reinsurance cα₹>apital rose 2% in 2019 and the year saw a↕∑pproximately $60 billion in glob♣♣•αal insured catastrophe losses, ‍ ♦according to Guy Carpenter, which was significant♥​γ♣ly lower than 2017 anγ<£↓d 2018.Alternative capital, h✘€owever, contracted b±¥>y approximately 7% percent “as inves₩↕<tors were more cautious with new investme≥δnts after assessing market dynamicλ §s and pricing adequacy,”×↓© Guy Carpenter said.The retrocession mar♣≥ket “was challenged … ↑↑by trapped capital, a lack o£<Ωf new capital and continued redemptions from t₽¥∑∑hird-party capital providers,” a statemen♠‌t issued with the Guy Carpenter report said.Howev♦Ω™er, significant retrocess✘∑α¥ion providers returned to the market in →>€≠the past two weeks, Willis Re saσ•id.Organizer：China Insurance Di≈★ gital & AI Development 2020Web:http://✔✔♠φen.zenseegroup.com/p/560573/Contact:Ann 0♥♥21-65650305