From:businessinsuranceeinsurance rene≥‍↑wals at Jan. 1, 2020, mainly saw singl€€σδe-digit increases, with₩‌σ some exceptions, accordα&Ω✘ing to reports by reinsurance brokers releas÷ε∑ed Thursday.Willis Re, the reinsuran₹₩♦δce brokerage of Willis Towe±☆£rs Watson PLC, and Guy Carpenter & Co. LLC λ₽, a unit of Marsh & McLennan Cos. Inc. b↕×∞oth reported that year-end reinsurance r→£÷ enewals varied by account and region, but the reπ'σ✔trocessional reinsura₽♣nce was under pressure.Rates on £ β✔line for property catastrophe reinsurance progπ•σ"rams remained stable and property σλper risk pricing was driven b✘"y individual program performance, the Willi≤∞s report said.Although some ↑φ∞<Lloyd’s of London syndicates took £÷₽✘firm positions on rate increaσπses and the London market authorized capacity de∞‌₹✘creased, that capactiy was​<≥< replaced by new capital and a•£  strong supply from other markets, Willis Reδ "  said.U.S. loss-free accounts renewed at flΩα♦←at to up 10% while those with losses saw increa© 'ses of 10% to 50%, the ≈ •₽Willis Re report said, which was among the∏≤≠× largest increases. Property catastrop‍>he accounts without losses renewed at f€"∞lat to up 5%, while loss hit accounts were up ε∏≤10% to 20%, Willis Re sai €d.According to the Guy Carpenter repσ​ ort, the brokerage’s global♦↑≈& property catastrophe rate on liβ‌​ne index rose 5% in 2019.Acα∞‍♥cording to the Willis Re report, other lar≤ ge increases were seen in Cen↑↔ ≈tral and Eastern Europe, where property♣< programs with losses saw increases ofε<• 5% to 20%, and Canada, where such accoφ>¶±unts renewed up 10% to 40%.Most other regions €​≈and countries saw property increase"∏αs in the single or low double digits, th&☆§£e report said.The Jan. 1 renewals saw some “diffi≤εcult” negotiations, accord‍↑☆☆ing to a letter in the report from James→®☆ Kent, global CEO, Wilλ± lis Re.The Guy Carpenter repα♦♦ort said the reinsurance $♠∏market was “asymmetrical,” adding “this is<‌ certainly not a one-size-fits-all market” and≥₹  while overall capacity α¥remained adequate, “allocated capacit‍±÷λy tightened notably in stressed class ≈★es.”Dedicated reinsur∑≥λance capital rose 2%♣↕€ in 2019 and the year sa¥$ w approximately $60 billion in ♦∏‌global insured catast>™§rophe losses, according to Guy Carpenter☆≥£ , which was significantly lower than™ $ 2017 and 2018.Alternative capital, however, cont← racted by approximately 7% percent “as inv<<estors were more cautious with n♠®ew investments after assess<₹↑ing market dynamics and pr÷≥×₩icing adequacy,” Guy C÷₽arpenter said.The retrocessio→♣n market “was challenged …☆₩ by trapped capital, a lack of new c₩≥σapital and continued redemptions from↕Ω third-party capital providers,” a stateme↕™€nt issued with the Guy Carpenter report said₩‍δλ.However, significant retrocession ≤♠‌providers returned to the market in the past★π$β two weeks, Willis R&÷e said.Organizer：Chi↔<na Insurance Digital & AI Development 2020δ≥€Web:http://en.zenseegroup.com/p/560573‌♦‍β/Contact:Ann 021-65650305