From:businessinsuranceeinsurance renewals at Jan.>ε 1, 2020, mainly saw singl®♦e-digit increases, with some exceptions, a←¶∏★ccording to reports by reins∏←≤urance brokers released Thursday.Willis Re,₽§ the reinsurance brokerage of Willis Towers Waε¥€Ωtson PLC, and Guy Ca​≥rpenter & Co. LLC, a unit of M®¶arsh & McLennan Cos. Inc. both •☆§reported that year-end reinsur ♣₹ance renewals varied by account and region, ε±∞but the retrocessional reinsura←∏¶nce was under pressure.R×✔λ§ates on line for property catastrophe rei¥↑®nsurance programs remained stable and prop¥'erty per risk pricin✔"'g was driven by individual program per♣₹≤πformance, the Willis rα✔&eport said.Although some Lloyd’s of London syn♠&↔dicates took firm posit§&ions on rate increases and the London Ω€‍'market authorized capacity dec¥∞>reased, that capactiy was replaced by n≤∞×ew capital and a strong supply from other mark¥♥ets, Willis Re said.Uσ÷.S. loss-free accounts renewed at flat•  to up 10% while those with lo✔>βsses saw increases of→Ω↑ 10% to 50%, the Willis≠↔  Re report said, which w£¥>₩as among the largest increases. Prop"♠¶♠erty catastrophe accounts without₹α losses renewed at fl®"♠↔at to up 5%, while loss hit accounts were up 10% ÷>☆←to 20%, Willis Re said.Acco☆≈₩☆rding to the Guy Carpenter report, the b ✔§rokerage’s global property catastrophe rate →σ©∑on line index rose 5% i×÷n 2019.According to the Willis Re report, other≥£ large increases were seen in Central ≠φand Eastern Europe, where propert♦≠♠∞y programs with losses↔∞ saw increases of 5% to 20%, and Caγ÷•nada, where such accounts renewed up 10% t​€o 40%.Most other regions and countries saw pr¥¥<÷operty increases in the✘₹ single or low double di↑•πλgits, the report sai¥Ωd.The Jan. 1 renewals'✘∏≈ saw some “difficult” negotiations, according to÷✘ε' a letter in the report from J↑♠®≤ames Kent, global CEO, Willis Re.The Guy Carpentσ er report said the reinsur≥δ✔ance market was “asymmetrical↔•→♠,” adding “this is certainly not®σ a one-size-fits-all market” and ≥≤₩Ωwhile overall capaci"×↕ty remained adequate, “allocated cap↕≠•€acity tightened notab≤±¥σly in stressed classes.”Dedicated reinππβsurance capital rose 2% ♠αin 2019 and the year saw approximat↑δely $60 billion in global insure₽₹ d catastrophe losses,‌ λ according to Guy Car↕±←£penter, which was significantly ₹®♠lower than 2017 and 2018.Alternative capital, h←"‍×owever, contracted by approximately 7% percent ♥&ε“as investors were moδφ↑×re cautious with new investme✔≥₽nts after assessing market dynamics and priciσ<γ≤ng adequacy,” Guy Carpenter said.The ☆βretrocession market “was challenged ≈→σ€… by trapped capital, a lack of new capital and∞ε  continued redemptions from third-party cap♠♣ital providers,” a statement issued withγ♥‍♦ the Guy Carpenter report ≈<φsaid.However, significant rα₩etrocession providers returned to the market in '>≤☆the past two weeks, Willis π™Re said.Organizer：China Insuranc€δ 'e Digital & AI Development 202""δφ0Web:http://en.zenseegroup.coγ$₹m/p/560573/Contact:A♦©↔nn 021-65650305