From:businessinsuranceeinsurance renewals at <≠Jan. 1, 2020, mainly saw single-digit increa∞×ses, with some exceptions, accordin÷±♥g to reports by reinsurance  ¥♦φbrokers released Thursday.Willis Re, the ¥ reinsurance brokerage of ±✘αWillis Towers Watson PLC, and Guy Carpenter &ε≥ Co. LLC, a unit of Marsh &am±‍p; McLennan Cos. Inc. bot φΩh reported that year-eε≥nd reinsurance renewals varied by account≈ ∞  and region, but the retrocessiona↔>↓☆l reinsurance was under pressure.Rates on l₹‍Ω÷ine for property catastrophe rei♠™δΩnsurance programs remained stabl✘εe and property per risk pricing was driven by ind&©∑↕ividual program performance, the Willis repor₩÷₽t said.Although some Lloyd’s of London syndica→↑tes took firm positions o££≥φn rate increases and the London mark→αet authorized capacity decreased, that capactiy w←"↑as replaced by new capital and a strong supp€β☆ly from other markets, Willis Re said.U.S. lo∞¥ss-free accounts reneweε✘d at flat to up 10% while those≥≤ with losses saw increases of∏©" 10% to 50%, the Willis Re report said, ☆±φwhich was among the largest inc∏© reases. Property catastrophe account↓✘≥∞s without losses renewed at flat to up 5™ &​%, while loss hit accounts were up↔→ 10% to 20%, Willis Re said.According×‍ to the Guy Carpenter r∞δΩeport, the brokerage’s global property catastroph≈&↓•e rate on line index rose 5% in 2019.Accorσ ding to the Willis Re re¶♦♥↑port, other large increases were seen in ✔"₽Central and Eastern Europe, where property proε σ grams with losses saw in™' ✘creases of 5% to 20%,γ λ and Canada, where such accounts r  enewed up 10% to 40%.Most other regions≥✘₽  and countries saw property increa₽<↕ses in the single or low double digits, t©♠βhe report said.The Jan. 1 renewals saw some♥↑ ↕ “difficult” negotiationφ®₽ s, according to a letter in the r♥σσ•eport from James Kent, glo €bal CEO, Willis Re.The Guy Carpe↓§nter report said the reinsurance market w≥ as “asymmetrical,” adding “this is ceπ÷♦rtainly not a one-size-fits-all market”→& and while overall capacity remained adequate, “a←>‌εllocated capacity tightened≈" notably in stressed classes.”Dedicated reins​Ω☆≠urance capital rose 2% in 2019 and♣♥' the year saw approximately $60 billion in globa₹↓l insured catastrophe losses, accor±♥☆$ding to Guy Carpenter, which was significa•​ntly lower than 2017 and 2018‍© .Alternative capital, however, c ♦↕‌ontracted by approximately 7%✔♦≤ percent “as investors wer↑♠e more cautious with ₩λ new investments after assessing market dyna ∑δ®mics and pricing adequacy,” Guy Carpente←←r said.The retrocession market “was challenge€βd … by trapped capital, a lack of newβ® capital and continued redemptions from t €∞hird-party capital providers,” a statement issued'↑∑ with the Guy Carpenter repγ₽ort said.However, significant retrocession pro₽∑viders returned to the market in the pas ∑→t two weeks, Willis Re sai‍§d.Organizer：China Insurance D₹"π‌igital & AI Development 2020We"∏≠b:http://en.zenseegroup.com/¶↔p/560573/Contact:Ann 021-65650305