From:businessinsuranceeinsurance reneδ☆§♦wals at Jan. 1, 2020, mainly s→'&aw single-digit increases, with some exceptions, ×>according to reports by reinsurance brokers ★♦↕γreleased Thursday.Willis Re, the reinsu÷☆rance brokerage of Willis Towers Watson π PLC, and Guy Carpenter ∏₹ & Co. LLC, a unit of Marsh &'✘Ω< McLennan Cos. Inc. both reported that year™∞>-end reinsurance renewals varied by account and ±↕♥‌region, but the retrocessional reinsurance Ω•was under pressure.Rates on line for property c‍&≈atastrophe reinsurance programs remained stablα≠e and property per risk pricing ←>✘was driven by individσ"♣★ual program performance, the α±♥Willis report said.Although some Lloyd’s ≥σφ✘of London syndicates took firm <→±positions on rate increases and the London ¥¶↓γmarket authorized capacity decreased, t→€hat capactiy was replaced by new capital and a→ ≠ strong supply from other markets, Willis♠✔ Re said.U.S. loss-free accountφ<ε s renewed at flat to up 10% while tho↓≤<'se with losses saw i↑☆ncreases of 10% to 50%, the Willis Re report saπ ∑✘id, which was among the largest incr↓Ω§☆eases. Property catastrophe accounts •™∏without losses renewed a∑♣t flat to up 5%, while loss hit accounts were ♣'Ωup 10% to 20%, Willis Re said.According to the Gu∏​Ωy Carpenter report, the brok$∞&÷erage’s global property catastrophe rate ≈‌on line index rose 5%☆"↓ in 2019.According to the Wil¥★lis Re report, other large increas>"♥"es were seen in Central ¶α✘☆and Eastern Europe, where ♦✔☆property programs with loss¶↔✔Ωes saw increases of 5% to 20%, and Canada☆≈, where such accounts renewed up 10% to₽∞α​ 40%.Most other regions and countries sa& ☆¥w property increases in the single→∞←→ or low double digits, the repo♦☆ βrt said.The Jan. 1 re• →newals saw some “difλ"ficult” negotiations, according to a ♠γ¶letter in the report from≥→♦ James Kent, global CEO, Willis Re.The ★‌Guy Carpenter report said th€ e reinsurance market wa©≈γβs “asymmetrical,” adding “this is certai ©×nly not a one-size-fits-✘™all market” and while overal₹↕π±l capacity remained adequate, “a‌₹♠≥llocated capacity tightened notably in st ✘ressed classes.”Dedicatedδ  reinsurance capital rose 2% in 2019 and the ye'δ >ar saw approximately $60 billion in glo∑©÷♦bal insured catastrophe losses, according →£★£to Guy Carpenter, which was signifi↔•π™cantly lower than 2017 and 2018.Alternative♥¥ capital, however, contracted by approximately 7% Ω percent “as investors were €Ω more cautious with new investments aftεε±er assessing market dyna★♣mics and pricing adequacy,” Guy Carpenter s≤φ♥φaid.The retrocession market “was challenged∞β¶♠ … by trapped capital, a lack of new capital and'$ continued redemptioφ←γns from third-party ca‌≈‍pital providers,” a statement issued with the G> >←uy Carpenter report said.H₩™σ™owever, significant retroc'$®ession providers returned to the ma★↔rket in the past two weeks, Will÷₽δ£is Re said.Organizer：China In↕ surance Digital & AI Dα☆<evelopment 2020Web:http://en.zenseegroup.com/p↕∞/560573/Contact:Ann 021-65650305