From:businessinsuranceeiΩ‍nsurance renewals at Jan. 1, 2020, mainly saw s‍$∞ingle-digit increases, with some₽∏≤ exceptions, according to report☆'s by reinsurance brokers released Thursday.Wi‌"₩llis Re, the reinsurance brokerage of Willi​←s Towers Watson PLC, and Guy Carpente∏÷♦♥r & Co. LLC, a unit of ± "↔Marsh & McLennan Cos. Inc. both reported "•that year-end reinsuranceγπ&∑ renewals varied by a♥¶ccount and region, but the r®πetrocessional reinsura↑πα←nce was under pressure.Rates on line for propert↑±€γy catastrophe reinsurance programs remained stablΩ₩♦>e and property per risk pri &∞÷cing was driven by individual program↓£ performance, the Willis report sa↕♠↓→id.Although some Lloyd’s>> of London syndicates took firm positi  §ons on rate increases and th‍∑ e London market authorized cap¶ 'acity decreased, that capac'±•tiy was replaced by new ca♣∏≠λpital and a strong supply from other marke©₹↕ts, Willis Re said.U.S. loss-free accounts r♠±λenewed at flat to up 10% while those wiΩ​th losses saw increases of 10% to 50%, the Willis±₽ Re report said, whi↕×✔₽ch was among the larg→Ωest increases. Property catastrophe accounts≈↑γ¥ without losses renewed at flat to u• p 5%, while loss hit accounts were u  σp 10% to 20%, Willis Re said∏ •.According to the Guy Car​≥∑∑penter report, the brok≤↔erage’s global property catast•≈®rophe rate on line index rose 5% in&​ 2019.According to the Willis Re re✘™ ✔port, other large increases were s÷↑←πeen in Central and Eastern Europe×↔♠↑, where property programs with losses saw increa• ses of 5% to 20%, and Canad≈Ω☆a, where such accounts renewed ©‍♥∏up 10% to 40%.Most other regi≠$δ<ons and countries saw property increases✘↓ in the single or low double digits, th✔✔δβe report said.The Jan. 1 renewals saw some “✘¥difficult” negotiations, according to a letter i‌±n the report from James Kent,₩♠® global CEO, Willis Re.The Guy Carpenter report ¥→ said the reinsurance mar♥¥ket was “asymmetrical,” a‍♥‍dding “this is certainly not a one-si↓↑♥ze-fits-all market” and w✘☆₩hile overall capacity remained adequate ₩>, “allocated capacit↑γy tightened notably in stressed classes.”Dedicate‌$‌↑d reinsurance capital rose 2% in 2019 andδ÷♦ the year saw approximately ♥π$60 billion in global insured catastrophe↓♦₽δ losses, according to Guy Carpent±♠er, which was significantly lower than 2017 and 2♠λ☆018.Alternative capital, howev♥∞er, contracted by approximately 7% percent “as in‍‍¥vestors were more cautious with new investments a←✘fter assessing market dynamics a®∏↓₩nd pricing adequacy,” Guy Carpenter said£§.The retrocession market “≤✔Ω₹was challenged … by trapped cλλapital, a lack of new capital and continued r♣‌edemptions from third-party capital×±∞‌ providers,” a statement issued with the Guy Carp¶∑enter report said.However, significant φ₩♠retrocession providers returned to α♦the market in the past two weeks, Willis Re sai∑÷≈±d.Organizer：China Insurance Digital & AI De♠÷velopment 2020Web:http://en.zenseegroup.com/‌♥p/560573/Contact:Ann 021-65650305