From:businessinsuranceeinsurance r≤≥δ enewals at Jan. 1, 2020, mainly saw singl∏↑♣e-digit increases, with some ex'✘♦ceptions, according to reports by reins"‍​urance brokers releaπ∞sed Thursday.Willis Re, the reinsurance broker ε®>age of Willis Towers Watso↑​≤ n PLC, and Guy Carpenter &am♦₽≥∞p; Co. LLC, a unit of Marsh & ÷€; McLennan Cos. Inc. both φφ¥✔reported that year-end reinsurance renewals variβα♥ed by account and region, but the retrocessio≠∏nal reinsurance was under pressureγ∏&.Rates on line for property catastrophe reinγ₩↕surance programs remaγ÷λ±ined stable and property per ←♦>risk pricing was driven by i✔☆ndividual program performance, the Willisλ≥‌★ report said.Although some Lloyd’s of Lo♣'π↑ndon syndicates took firm positions on ≤φ♦rate increases and the London mar‍&ket authorized capacity de♠‍creased, that capactiy was replaced by α≈∞new capital and a strong sΩ↓$upply from other mar ®λkets, Willis Re said.U.S. lossλ₹♥λ-free accounts renewed at flat to up 10'§>σ% while those with lo★≈εsses saw increases of 10% to 50%, the Willis →÷Re report said, whic₩✔±h was among the largest increases. Property™≈ catastrophe accounts witho¥£☆©ut losses renewed at flat to up ♥≈<5%, while loss hit accounts were u¥≈₹p 10% to 20%, Willis Re said.δσAccording to the Guy Carpen♣≠$£ter report, the brokerage’s global≤∞♦ property catastrophe rate on line inde∏★​≠x rose 5% in 2019.According to the Williσ'§✔s Re report, other large increases were se♦₹©en in Central and Eastern Europe, where proper©≤​ty programs with losses saw i≈σncreases of 5% to 20%, and Canada, where such∞← accounts renewed up ±≈10% to 40%.Most other regions a<± nd countries saw property increases in the sin∏♠γgle or low double digi ✔$♥ts, the report said.The Jan. 1 >×≠renewals saw some “difficult” n¥₽×egotiations, according to a letter in ™ <the report from James  £ Kent, global CEO, Willis Re.Th↓←×e Guy Carpenter report said the reinsurance mark∑§et was “asymmetrical,” adding “this is♦γ∏ certainly not a one-size-'♥<fits-all market” and while overall capacity remai↔<ned adequate, “allocated capacity tightened♦÷ notably in stressed classes.”Dedicated r>±♥↑einsurance capital rose 2% in 2019 and the year γσ±saw approximately $60 billion in global insured c"♠ atastrophe losses, according to Guy Carpente↑★≥&r, which was significantly lower ÷   than 2017 and 2018.Alternative capital, ✔€÷however, contracted by approximateΩ®•ly 7% percent “as investors were more cλ♥÷autious with new investments after assessi♥≠♠ng market dynamics and p ♠↑ricing adequacy,” Guy α​'♥Carpenter said.The retrocession market “waα★®s challenged … by trapped capital, a lack of new≥" capital and continued redemption©↑s from third-party capital™∞ providers,” a statement issued with¥≠δ‌ the Guy Carpenter rep₽☆ort said.However, significant retrocessio∞✘←n providers returned ✘♠to the market in the p¥λast two weeks, Willis Re said.Organi₽÷'zer：China Insurance Digital &amγ£♥p; AI Development 2020Web:http≥β://en.zenseegroup.com/p/560573/Con®→↕αtact:Ann 021-6565030•≈∏5