From:businessinsuranceeinsurance renewals at >÷∑✘Jan. 1, 2020, mainly saw single★"™γ-digit increases, with some exε↑£ceptions, according to reports ÷"♦by reinsurance brokers released Thursda↓π™y.Willis Re, the reinsurance brokerage of §‌Willis Towers Watson PLC, and G©©≤uy Carpenter & Co. LLC, a unit of Marsh↓∑ & McLennan Cos. Inc. both reported that y"•δear-end reinsurance rene&δwals varied by account and region, but the retroc↑γessional reinsurance was under pr✔¥essure.Rates on line for property catastrεδ↑↕ophe reinsurance programs remained stable aγ•​₹nd property per risk pricin​γλ∑g was driven by individual program÷∏≈δ performance, the Willi€☆s report said.Although some Lloyd’s of ™ε London syndicates took fi‌✔rm positions on rate increases and the Londo✔‌n market authorized capacity dec♥εreased, that capactiy was replaced by n®♥✘ew capital and a strong supply from other marketφ♠✔™s, Willis Re said.U.S. loss-f↓→ree accounts renewed at flat t®©>≈o up 10% while those witε♣h losses saw increases of 10% to 50%, the Wil$→↑"lis Re report said, which was among t♦≠≈he largest increases. Propε↕ ♠erty catastrophe accounts wi♣♥thout losses renewed at flat to up 5%, while l↑≤oss hit accounts were up 10% to ★☆20%, Willis Re said.Accordin±¥&g to the Guy Carpent∑ $σer report, the brokerage’s global pr<•®§operty catastrophe rate on line index rose 5% i₽λ∑n 2019.According to the Willis Re report, otheσ♦♦φr large increases were seen in Central a δnd Eastern Europe, where property prograβ♦'ms with losses saw increases of 5% to 20%, andδα↕β Canada, where such accounts renewed up 10% to 4₽•Ω0%.Most other regions and countries saw property £≤♣increases in the single or low douα∏ble digits, the report said.The Jan. 1 &<§renewals saw some “difficult” negotiations, ac®"cording to a letter in the report from James ‌•Kent, global CEO, Wil♣∏lis Re.The Guy Carpenter report said the φ☆reinsurance market was “asymmπ§✔etrical,” adding “this i↕λ•×s certainly not a on±€♠e-size-fits-all market” and while overallπ←φ capacity remained adequate, “al♦∑λlocated capacity tightened notably∞₹ in stressed classes.”Dedicated reinsuranceΩ↔ capital rose 2% in 2019 and t ✘he year saw approximately $6₹±​↕0 billion in global insured catastrophe lε←osses, according to Guy Carpenter, which was sigΩ¶nificantly lower than 2017 an'✘d 2018.Alternative capital, however, contract∏'↔↓ed by approximately 7% ₩₽¶percent “as investors were more cautious w βith new investments after assessing market d" ynamics and pricing adequacy,” G✔​uy Carpenter said.The retroc✔§ession market “was challenged … by →γ→trapped capital, a lack of new capita‌₩$l and continued redemptionγ$s from third-party capital providers,” a stat$®ement issued with theγ‌> Guy Carpenter report said.However, significan<↔t retrocession providers returned to the m∞‌"λarket in the past two weeks, Willi✘ε↔s Re said.Organizer：China Insurance ↓★Digital & AI Development "&≈2020Web:http://en.zens∑♣eegroup.com/p/560573/Cont₹₽ ≠act:Ann 021-65650305