From:businessinsuranceeinsurance©γ renewals at Jan. 1, 2020,>  mainly saw single-digit increases, with some exδβ<ceptions, according to repor ↑βts by reinsurance brokers release↑♣α∏d Thursday.Willis Re, the re$₽≠insurance brokerage of Willis Towers Watson ♥±PLC, and Guy Carpenter & Co. LLC, a u✔×ε©nit of Marsh & McLennan C♠'€‌os. Inc. both reported that year-end rei∏☆nsurance renewals varied by account an±¶♠"d region, but the retrocessional ≤±reinsurance was under pressure.Rates on ↑γ™÷line for property catastrophe reinsurance p$≤rograms remained stable and propert✔→™♥y per risk pricing was driven by individ₹‌→‍ual program performance, the Willis reporΩ™δt said.Although some Lloyd’s of London syndi↓€≥cates took firm positions on rate increases and₽₹  the London market authoriΩ≈₩♠zed capacity decreasedσφσ, that capactiy was ₹∞♠ replaced by new capital and a strong supply  ™✔from other markets, ♦λ↓ Willis Re said.U.S. loss-free accounts renewed at≥ δβ flat to up 10% while those with l≥λ ¥osses saw increases of 10% to 50%, the >‌Willis Re report said, which was among the large≥‍ε←st increases. Property catastrophe accou<¶™nts without losses renewed at§≤←‍ flat to up 5%, while loss hit accounts were u♠‌→p 10% to 20%, Willis Re said✘→.According to the Guy Carpenter ←>∑report, the brokerageβε ​’s global property catastrophe ₹•&rate on line index rose 5←§♦% in 2019.According to the Will→"is Re report, other large increases were s©♦$≠een in Central and Eastern E§•​urope, where property programs with losses saw ←'≈ increases of 5% to 20%, and Ca€★nada, where such accounts renewed δ‌up 10% to 40%.Most other regions ↑γ↑<and countries saw proper♦π£γty increases in the single or low double γ♥&digits, the report said.The ☆'Jan. 1 renewals saw some ≤↓δ<“difficult” negotiations, according to a letter i¶‌n the report from James Kent, global C↕✔πEO, Willis Re.The Guy Carpenter report ≤¶©said the reinsurance market was “asymmetrical,” λαδ≤adding “this is certainly not a one-size-fits-a¥✘ ll market” and while overall capacity remaine ​α®d adequate, “allocated♦•↕φ capacity tightened notably in stre₹>∏☆ssed classes.”Dedicated reinsε>φurance capital rose 2%  πin 2019 and the year saw approximately $60 bil™₽lion in global insured catastrophe losses, acco©λrding to Guy Carpenter, which was s←®≥ignificantly lower than 2017 and 201¶★​8.Alternative capital, h♥₹owever, contracted by approximatel↑<y 7% percent “as investors were morπ♥©e cautious with new in$ ↓vestments after assessing market dynamics and δ∑₽♠pricing adequacy,” Guy Carpenter said.The ret♥σλrocession market “was challenged … by trappe✔♠d capital, a lack of new capital and continued☆φ redemptions from third-party capitπλ★γal providers,” a statement issued with ∞₹≥→the Guy Carpenter report s♥‌§aid.However, significant retrocessΩ<≤ion providers returned to the market in the paσ βst two weeks, Willis Re said> >∑.Organizer：China Insurance Digital✔'♥Ω & AI Development 2020Web:http://en.zense♣$ ×egroup.com/p/560573/Contac÷¶∏t:Ann 021-65650305