From:businessinsuranceei‌≠nsurance renewals at Jan. 1, 20✘ε20, mainly saw single-digit increases, ​×with some exceptions, accordin €g to reports by reinsurance ≈"σ™brokers released Thursday.Willis Re, the reinsur÷©ance brokerage of Willis Tower®♠£s Watson PLC, and Guy Carpenter & Co. ₽¶ LLC, a unit of Marsh & M≠•♥¥cLennan Cos. Inc. both reportεβ↓ed that year-end reins₽>δ$urance renewals varied by accoun< t and region, but the‍✔ retrocessional reinsurance was uγλ≈nder pressure.Rates on line for property cata♣♦"×strophe reinsurance programs r©≠emained stable and property per risk pricin≠δ×g was driven by individual pα✘→×rogram performance, the W§<illis report said.Although ‌≥↕ some Lloyd’s of London syndicates too‍Ωγk firm positions on rat¥←₽♦e increases and the London ma ↕∑ rket authorized capacity decreased, that capβ♠φactiy was replaced by new↔β capital and a strong supply from other markΩ→™<ets, Willis Re said.U.S. loss-free ac ✔ ✘counts renewed at flat to up 10% while th♦£ose with losses saw increase×✘s of 10% to 50%, the Willis Re re€↓∑₩port said, which was among the largest inδδ≠ creases. Property catastr‍εophe accounts without losses renew‍♣γ♠ed at flat to up 5%,££©× while loss hit accounts were up 10% to 2∞♣∏0%, Willis Re said.According to the Guy Car★↑penter report, the brokerγ$age’s global property catastrophe rate on ±₹line index rose 5% in 2019.According to the Williα✔ Ωs Re report, other large incr≠§≤✘eases were seen in Central and East ‌ern Europe, where property ¶ programs with losses saw increases ₽δ₹of 5% to 20%, and Canada★∞, where such accounts renewed up 10% to✘∏±₩ 40%.Most other regions and countries sa∑≤βw property increases in th©↑e single or low double digits, the report ®★said.The Jan. 1 renewals saw some “difficult”"↕✘ negotiations, according t€​♣≠o a letter in the repo₽£φrt from James Kent, globa‌©✘l CEO, Willis Re.The Guy Carpenter r↕∑×♦eport said the reinsurance market λ<₹was “asymmetrical,” a"™←dding “this is certainly not£∑ a one-size-fits-all ±©±market” and while overal↕​שl capacity remained adequate, “allocated <$capacity tightened notably in stres®× sed classes.”Dedicated reinsura≠♠®>nce capital rose 2% in 20  ✘19 and the year saw approximately $60 ≤φ§≠billion in global insured catastrophe ‌•losses, according to Guy Carpenter, which w¥☆as significantly lower than 2017 and 201£δ8.Alternative capital, however, contra•∞cted by approximately 7‍☆% percent “as investors were more ₹♥××cautious with new in÷ε≈vestments after assessing>δ market dynamics and pricing adequacy,” Guy Carp"←enter said.The retrocession market<± “was challenged … b←↑<αy trapped capital, a l€∞ ♦ack of new capital and continued redem$β¥‍ptions from third-party capital providers,”★≤• a statement issued with the Guy Carp≠ ₩enter report said.Howελ÷ever, significant retrocession provi§Ωπders returned to the market in the past two weeks₩♣•↑, Willis Re said.Organizer：China Insurance Digit™ al & AI Development 2020Web:http://en.zen​ £seegroup.com/p/560573/Contact:Ann 021≤↓<-65650305