From:businessinsuranceeinsurance renewals a₩λ©&t Jan. 1, 2020, main←§≥ly saw single-digit increases, Ω§with some exceptions, accordin§↕g to reports by reinsuran$&ε$ce brokers released Thu$πrsday.Willis Re, the reπ≤•φinsurance brokerage of Willis Towers Wat€•$son PLC, and Guy Carpenterσ✔& & Co. LLC, a uni≠¥•₩t of Marsh & McLennan Cos. Inc. ₹♥≠both reported that year-end reinsurance≠♥δ renewals varied by account and region, b≠÷βut the retrocessional reinsurance was under p&×ressure.Rates on line for property catastroph♥₹♠ e reinsurance programs remained stε able and property per ri♥→γ™sk pricing was driven by indiv £idual program performΩ ∞≈ance, the Willis report said.Although some Lloyd₩‍ ’s of London syndicates took firm positions o✘€≥n rate increases and the London marke±λt authorized capacity decreased, that capactiy waφ φs replaced by new capital and a strong supply fro<γ€₹m other markets, Willis Re said.U.S. loss↓₽♥<-free accounts renewed at flat to up 10% wh× ¶γile those with losses saw increase‍‌s of 10% to 50%, the W ∞illis Re report said, which₽₹≤< was among the largest increases. Prop∞δ♠erty catastrophe accounts without los★≠ses renewed at flat to up 5%, while loss hit acc≠¥≤λounts were up 10% to 20%, W≥σλ¥illis Re said.According tα↔βo the Guy Carpenter report, the brok™&≈​erage’s global property catastrophe rate on li₩₽​↕ne index rose 5% in 2019.Acco↔∏∑rding to the Willis Re report,←♣↕ other large increases were seen in Centraα✔∑γl and Eastern Europe, where property proπΩ©grams with losses saw incr‌εeases of 5% to 20%, and Canada, w∞∏₩here such accounts rene♦$ wed up 10% to 40%.Most otheε→r regions and countries sa"εw property increases in the single or low dou™$ble digits, the report said.The Jan. 1¶​♥← renewals saw some “difficult” n©≤£egotiations, according to a letter in the re✘☆port from James Kent∏₹♦, global CEO, Willis Re.The Guy$→★ Carpenter report said the reinsurance marke↑<±t was “asymmetrical,” addi↓¶ng “this is certainly not a one-size-fits-all₽™§ε market” and while overall capacity r§δδ♣emained adequate, “allocated capaci‌>ty tightened notably in st↑™ressed classes.”Dedicated reinsurance capital r₩≥£•ose 2% in 2019 and t∑↓‌©he year saw approximatel>'←±y $60 billion in global insured c₽↔≈atastrophe losses, according to Guy ♣‍​€Carpenter, which was significantly lower than 201♠↓7 and 2018.Alternative capital, howΩ÷ever, contracted by approximately 7% percent “♥δπ¶as investors were more cautious wi↓π∏th new investments after ass×λessing market dynamics and pricing adequacy,β ” Guy Carpenter said.The retrocess↔₩✘δion market “was challenged … by t×£×rapped capital, a lack of new capital a ←β↓nd continued redemptions from thir←≤&®d-party capital providers,↕♥” a statement issued wi₽™→th the Guy Carpenter report said.However, s£↑ignificant retrocession pr'&¥oviders returned to the market in the©  past two weeks, Willis ©→β§Re said.Organizer：China Insura™αnce Digital & AI Development 2×  ε020Web:http://en.zenseegroup.c< om/p/560573/Contact:Ann 021-65650305