From:businessinsuranceeins≠λ₩≥urance renewals at Jan. 1, 2020®₩♦, mainly saw single-digit increases, w✔★≥®ith some exceptions, according♥↔Ω× to reports by reinsur‍↓®ance brokers released Thursd ↓♦ ay.Willis Re, the reinsuran★‌♥ce brokerage of Willis Towers Watson PLC, and &•Guy Carpenter & Co. LL‌→'↑C, a unit of Marsh & McLennanε≈< Cos. Inc. both reported that y‌₩​ear-end reinsurance ren‌$  ewals varied by account and re×↑£gion, but the retrocessional reinsuran₹☆ε↔ce was under pressure.Rates on line for ​ property catastrophe reinsurance progra÷σ$ms remained stable and property ♥✔per risk pricing was driven by individual pro≤>gram performance, the Willis report said.Alth★↕ough some Lloyd’s of London syndicates took fir÷↔m positions on rate incre​φδases and the London market auth​α↕orized capacity decrea<×sed, that capactiy was replac≠♠ε ed by new capital and a strong supply f姮rom other markets, Willis Re said.U.S. los☆✔♥s-free accounts renewed at flat to up 10% λ∑while those with losses saw increa ♥ses of 10% to 50%, the Willis Re rep∑βort said, which was amon¶£g the largest increa↕' ses. Property catastrophe accounts without losses‍< renewed at flat to up 5%, while loss™γ♦Ω hit accounts were up 10% to 20%, Williγ♠✔s Re said.According to the Guy♣ → Carpenter report, the brokerage’s γ↑♠global property catastrophe rate♥γδ on line index rose 5% iλεn 2019.According to the Willis Re report, ≤∞★×other large increases ∏ were seen in Central and Eastern Europe, where ± property programs with losse∑±s saw increases of 5% to 20%, and C↕→≈anada, where such accounts renewed up 1•'0% to 40%.Most other reg α₽∏ions and countries saw property increases in the★φ single or low double digits, the report said.Tγ≥he Jan. 1 renewals saw some ∞β←♦“difficult” negotiations, accorγ βγding to a letter in the repor™×t from James Kent, global CEO, Willis Re.The Gβ₹☆uy Carpenter report said th≠≈γe reinsurance market was “asymmetr₹¶ical,” adding “this is certainly not a ε♠₽one-size-fits-all market” and while overall ★≠ αcapacity remained adequate, “alloc>♦ated capacity tightened notably in stres✔'sed classes.”Dedicated reinsuranc×€¥←e capital rose 2% in ' Ω2019 and the year saw approximately‌∑≥ $60 billion in global insured₹↔$≈ catastrophe losses, according to Guy Carpenter, ≥↔×♥which was significantly loweσ÷∏r than 2017 and 2018.Alternative capital, howeve  <₽r, contracted by approximately£✘↔ 7% percent “as investors were more ca£•α≤utious with new investments after asses✘ ε♣sing market dynamics and pricing adequacy,” Guy Cπ↔§arpenter said.The ret∏₽rocession market “was challenge₹££¥d … by trapped capital, a lac>‍♠k of new capital and continued redempt£✔ions from third-party capital‍λ providers,” a statement issued with the Guy ∏₹Carpenter report said.How β δever, significant retroce ‌ssion providers returned toγ♦ the market in the past two weeks, Willis Re¶€ said.Organizer：China Ins☆σ¥↕urance Digital & AI£Ωλ₹ Development 2020Web:http://en.zenseegroupπ∞.com/p/560573/Contact:Ann¶→' 021-65650305