From:businessinsuranceeinsurance renewals at J↓✔ an. 1, 2020, mainly saw ♠↓¶single-digit increases, with some exceptions, acc​₩ording to reports by ​↑reinsurance brokers released ®'←Thursday.Willis Re, the reinsurance brokeδ↓rage of Willis Towers Wats÷π∏©on PLC, and Guy Carpenter & Co. L←&LC, a unit of Marsh & McLennan Cos. Inc. b ​oth reported that yea→"€r-end reinsurance re ×→newals varied by account and region, but £πΩ the retrocessional reinsurance was under pressu±÷₽ re.Rates on line for prop₽§↓erty catastrophe reinsurance €₹₽programs remained stab"≠le and property per risk pricing was driven by inγβ dividual program perφ™formance, the Willis report said.Although s ‍γ"ome Lloyd’s of Londonδφσ₽ syndicates took firm positi £™ons on rate increases and the London marke ​t authorized capacity decreased, that cap$€✔‌actiy was replaced by ​₽♥¥new capital and a strong s​±<upply from other markets, Willis Re said.$↑U.S. loss-free accounts renew "βed at flat to up 10% while those with losses saw ¥©​increases of 10% to 50%✔"♠, the Willis Re report said, which was among thΩε♦"e largest increases. Property cataΩ'"strophe accounts wit♠©<Ωhout losses renewed at flat to up 5%, while los₹≥'s hit accounts were up 10% ‌≥to 20%, Willis Re said.Accordin¶Ωg to the Guy Carpenter report, the broker∑$≈age’s global property ≈€∏φcatastrophe rate on line index rose 5% in 2019.Ac♦↔♥cording to the Willis Re report, other♦ ​ large increases were seen in Central and↕₩ Eastern Europe, where property programs with↕÷÷↕ losses saw increases of 5% t&¥o 20%, and Canada, where such accounts re→×<newed up 10% to 40%.Most ∏<∞other regions and countries saw prop​≈€☆erty increases in the single or low double digit♠∏s, the report said.T✔★he Jan. 1 renewals saw some “difficult”•>✔ negotiations, according to a letter in the repβ₹↓ort from James Kent, global CEO, Willis Re.The G♦♣♣uy Carpenter report s™ ™Ωaid the reinsurance mark ™≥et was “asymmetrical,” adding “this is ce€₽rtainly not a one-size-fits-a∏αλll market” and while overall capacity r$α™>emained adequate, “allocated capacity tighten→∞ed notably in stressed classes.”Dedicated re& ✔↕insurance capital rose 2% in 2019 and the year δ"≈♣saw approximately $60 billion in global insured c€•£₹atastrophe losses, according to Guy Carpenter, w$☆‍hich was significantly lo"∏wer than 2017 and 2018.Alternati©&ve capital, however, contracted by approxima↑‌→βtely 7% percent “as investors were more cautiouγ₩εs with new investments after assessing marke‌↔<t dynamics and pricing adequacy,♠↔×” Guy Carpenter said.The retro ✘cession market “was challenged … by tra✘π®≈pped capital, a lack of new capital and co>↔¶ntinued redemptions from thirdβ÷±-party capital providers,” a statement issued w♠≥ith the Guy Carpenter ✔↓>report said.However, sign§±ificant retrocession providers retur≥₩₩ned to the market in the past two weeks, Willis R>↓→★e said.Organizer：Chi←↑na Insurance Digital & AI Develε↓≠ opment 2020Web:http://en.zenseegrou¥αp.com/p/560573/Contact:Ann 021-65650305