From:businessinsuranceeinsurance ren‌₹ βewals at Jan. 1, 2020, mainly saw sin¶§™∏gle-digit increases, w€π₹ith some exceptions, according to reports 'Ωδ÷by reinsurance brokers rele∞€ased Thursday.Willis Re, the₩←Ω reinsurance brokerage of Willi♣βγs Towers Watson PLC, and G×↓©uy Carpenter & Co. LLC, a uniβσαt of Marsh & McLennan C☆↔ε÷os. Inc. both reported that year-end reinsuranceπ >™ renewals varied by account and region,‌∞δ but the retrocessional reinsurance  ↕was under pressure.Rates on line for"¶  property catastrophe reinsurance ε‌♠programs remained stable and properΩ'≠ty per risk pricing was driven byσ₩±± individual program perfα©Ωormance, the Willis r≥↕♥eport said.Although some Lloyd’s <α of London syndicates took firm positions on r∞♦≥ate increases and the Lon‌≤↔don market authorized capacity decreased, thπ©at capactiy was repl✔ε ₽aced by new capital and "£₽a strong supply from ←♥other markets, Willis φ₹‌∏Re said.U.S. loss-free acc₽✘ounts renewed at flat to u¶ ₽p 10% while those wit∑×↓​h losses saw increases of 10% to 50%ε‌<≤, the Willis Re report said, whic∏≠h was among the largest increases. Property catas€±Ω♣trophe accounts without losses renewed at flat t≤π±o up 5%, while loss hit accounts w<ε♦¶ere up 10% to 20%, Willis Re said.Accor↔≈ding to the Guy Carpenter report, the brokeα≤♥'rage’s global property'ε catastrophe rate on l₽​βσine index rose 5% in 2019.According to the ©π"Willis Re report, other large increases were seeσ©♥γn in Central and Eastern Europe, wh¥πere property programs with losses saw increase♥ ♣→s of 5% to 20%, and Canada, where such accounts✘Ω ± renewed up 10% to 4↑÷ε0%.Most other regions₩' and countries saw propert×φ©✘y increases in the single or low€∞ double digits, the report♥ ☆× said.The Jan. 1 rene Ωα wals saw some “difficult” negotiations, accordin≈σ÷÷g to a letter in the report from Ja≠Ω♣γmes Kent, global CEO, Willis Re.The Guy ≥£Carpenter report said the reinsurance market ≠Ω∞$was “asymmetrical,” "¶β<adding “this is certainly not a one-size-♥≥fits-all market” and while over★↑€‍all capacity remained adequate, ≈£'£“allocated capacity tightened notably in s≈Ωtressed classes.”Dedicated reinsurance capital ★÷£φrose 2% in 2019 and the year saw approxiλλδmately $60 billion in global ≠​ ✘insured catastrophe losses, accoα§✘rding to Guy Carpent€≥¥er, which was significant↓♣ly lower than 2017 and 2018.Alternative capitΩ®&al, however, contracted by appr¶≥$oximately 7% percent “as inv∞≤® estors were more cau✔≠tious with new investments afπα<↔ter assessing market dynamicsφ≠ and pricing adequacy,” Guy Carpen§σ☆ter said.The retrocession market “was c₹ φ₹hallenged … by trapped capit₹✔>÷al, a lack of new capi€€tal and continued rede¶↑♥mptions from third-party capital providers,” '€a statement issued wi$"φth the Guy Carpenter report said.However, sigβ∏≠$nificant retrocession providers returne>©>>d to the market in the past two w♦  ♠eeks, Willis Re said.Organizer：Chin₹'a Insurance Digital & AI Development 2020Web:♠λhttp://en.zenseegroup.com/p/560573/Contact☆λ:Ann 021-65650305