From:businessinsuranceeinsurance renewals at™β™ Jan. 1, 2020, mainly saw single-$§>Ωdigit increases, with some exceptions, accord>™♥ing to reports by reinsurance brokers released ThΩ☆ursday.Willis Re, the ∞‌ >reinsurance brokerage of Willis Towers Watson ♣÷$PLC, and Guy Carpenter & Co. LLφ®♥C, a unit of Marsh &∑✔∞; McLennan Cos. Inc. both reported that year-end ≤♣ εreinsurance renewals varied by account and regiΩ≈on, but the retrocessi₽✘<®onal reinsurance was under pressure.Rates on©∞₩ line for property catastropheγ$₽γ reinsurance programs remained stable and propeΩ₩rty per risk pricing was driven b₹®Ω>y individual program performan​♥ce, the Willis report said.♥ Although some Lloyd’s of London syndic♠'ates took firm positions on rate increases an'÷d the London market authorize←​d capacity decreased, that capactiy was repλ>♦laced by new capital ©↑and a strong supply from other markets, Willis ε•Re said.U.S. loss-fre≠σ∑e accounts renewed at flα≈at to up 10% while those with losses sawλφ‌ increases of 10% to 50%, the Willis♦↕ Re report said, which was∏​α among the largest increas♦ es. Property catastrop∏β♥•he accounts without losses renewed at flat to uπ←↓γp 5%, while loss hit∞​♣ accounts were up 10% to 20%, W§δillis Re said.According to the Gu↓ σ​y Carpenter report, the brokerage’s gλ‍∏∑lobal property catastrophe rate on line index rσ★ose 5% in 2019.According to the Willis Re report,←♠≈ other large increases were seen in Centra€♠ ¶l and Eastern Europeδφ♥Ω, where property programs with lo©♠≠sses saw increases of 5%$&&€ to 20%, and Canada, '™where such accounts renewed up 10% to 40%♥♣↓.Most other regions and co↕"untries saw property increase→©s in the single or low double digits>±→β, the report said.The Jan. 1 renewβ♥≠als saw some “difficult” neg→≠δ₩otiations, according to a le™>‌↑tter in the report from James Kent, global$↓ ♠ CEO, Willis Re.The G ∞πuy Carpenter report said the reinsurance m♣✘arket was “asymmetrical,” adding →∑&“this is certainly not a one-si↕♠∏ze-fits-all market” and while overall capac↔>≥≈ity remained adequate,¶‍ “allocated capacity tightened notab"​ly in stressed classes.”Dedicated rein¥‍β★surance capital rose 2% in 2019 and the year λ≤saw approximately $60 billion in global insu≤÷red catastrophe losses, acco​ rding to Guy Carpenter, which w±&as significantly lower than 201↔"γ7 and 2018.Alternative capital, ho↕€wever, contracted by app¥☆$roximately 7% percent♣> “as investors were more cautious with ne§§ w investments after assess←♥★<ing market dynamics and pricin♦φ→$g adequacy,” Guy Carpenter said.The retroce↔¶£ssion market “was challeng•αed … by trapped capital, a lack of new capital ∞♥and continued redemptions  ¥from third-party capital provi✔ £÷ders,” a statement iss≥§ued with the Guy Carpenter report said. ₽≤$However, significant retrocession providers retur←‌ned to the market in the past two weeks, Willi‍>♥s Re said.Organizer：China Insuranceσ> Digital & AI Development 2020Web:http://en.z♥™∏↑enseegroup.com/p/560573/Contact:Ann 021-6565030©₽¶∏5