From:businessinsuranceeinsu¶πrance renewals at Jan. 1, 2020, mainly saw si>λ ngle-digit increases, with s§♠ome exceptions, according to reports by reinsur≠ ance brokers released Thurs♦≈day.Willis Re, the reinsur↑₽ance brokerage of Willis Tower'ε♣$s Watson PLC, and Guσγy Carpenter & Co. LLC, a ★​unit of Marsh & McLennan Cos. Inc. both repφ↔'₽orted that year-end reinsuδ¥₹rance renewals varied by account γ←and region, but the retrocessio♥≥nal reinsurance was under press→♥&ure.Rates on line for proper <® ty catastrophe reinsurance programs remained s€&table and property per r↔≥isk pricing was driven by individual program perf εormance, the Willis report₩≈​​ said.Although some Lloyd’s of Londα¥↓on syndicates took firm positions o$♣σ₩n rate increases and th•÷e London market authorized capacity '™>decreased, that capactiy was replacedα≈& by new capital and a strong β₹supply from other markets, εα♦Willis Re said.U.S. loss-free accou≠≥↔πnts renewed at flat to up 1©φ™Ω0% while those with l‌↔osses saw increases of 10% ₹ to 50%, the Willis Re report said, whichγ ¥€ was among the largest increa☆αses. Property catastrophe ₩•↓accounts without losses renewed at flat to ♠₽up 5%, while loss hit accountγ÷✔£s were up 10% to 20%, Wi¶±llis Re said.According to the Guy Carpent‍₹er report, the brokerage’s global ∏♣property catastrophe rate o€≠n line index rose 5% in 20₹→≈×19.According to the Willis Re report, other la≤∏‌rge increases were seen in Central and Eastern ₽☆Europe, where property programs wiΩ '•th losses saw increases of 5% to 20%, ↕♠and Canada, where such accoφ'φσunts renewed up 10% to 40%.Most other regiφ←ons and countries saw property increases in  ✔the single or low double digits, the repπ☆™ort said.The Jan. 1 renewals saw some “di$"₩fficult” negotiations, ₩♦according to a letter in th←βe report from James Kent, global CEO, Wi ≥>‍llis Re.The Guy Carpenter report said th∞φ πe reinsurance market w→♦≈as “asymmetrical,” adding “this is certai↕'♥nly not a one-size-fits-all market” Ω±♥δand while overall capacity remaiφ≤&®ned adequate, “allocated capacit→¶€y tightened notably in stressed cla¥•sses.”Dedicated reinsurance capital ​‌rose 2% in 2019 and the year saw approxim₽≈∞ately $60 billion in global insured catastrophe↑β™$ losses, according to Guy Carpenter, whi$☆£ch was significantly lower than 2017 and 20βλ♦♥18.Alternative capital¥£✔, however, contracted by approximλ<Ω←ately 7% percent “as in‍♦vestors were more cautious ∏®with new investments after assessi₽$≈γng market dynamics and pri♦₹cing adequacy,” Guy Carpenter said.T÷$δhe retrocession market “was cha§•llenged … by trapped c☆☆®apital, a lack of new capital and÷" continued redemptions from third-part≥α™y capital providers,” a statement issued​↓" with the Guy Carpenter report said.However, ↔®γsignificant retrocession provide≠§σrs returned to the market in the p♠®®≤ast two weeks, Willis Re said.Organizerε$Ω：China Insurance Digital & A§αI Development 2020Web:http://en.zenseeφ ελgroup.com/p/560573/Contact:Ann 021♦‌≥₩-65650305