From:businessinsuranceeinsurance renewals at Ja♥γn. 1, 2020, mainly s₩εaw single-digit incre≤★☆ases, with some exceptions₽π£♠, according to reports by reinsurance br<"okers released Thursday.Willis Re, the rei♣♠♥®nsurance brokerage of Willis Towers Wa✔≈∑tson PLC, and Guy Carpenter & Co. LLC, a >≈ unit of Marsh & McLennan Cos. Inc.> ∏↑ both reported that year-end reinsura¶₹®γnce renewals varied by account and region,¶•★♥ but the retrocessional rei"‌₽↓nsurance was under pressure.Rate↓₩¥₩s on line for property catastε✔rophe reinsurance programs re π÷©mained stable and propertε←y per risk pricing was driven by individual progr→>¥₹am performance, the Willis report said.Although♥>× some Lloyd’s of London syndic₩π←ates took firm positions on rate increases and th₽δe London market autho♥✔≤ rized capacity decreased, that capactiy was repla≈§ced by new capital and a strong supply from ≤π↓≤other markets, Willis Re said.U>♣≠.S. loss-free accounts renewed at flat to up β±10% while those with losses saw increases of 10%σ&Ω to 50%, the Willis Re π<∑'report said, which was among the largest increa≤™₽σses. Property catastrophe accounts without losses ←σ≥ renewed at flat to up 5%, while loss hit ₹ accounts were up 10% t​•αo 20%, Willis Re said.Accor∞↑¶ding to the Guy Carpen<φ>ter report, the brokerage’s global∏→ property catastrophe rate on line ind☆∞ex rose 5% in 2019.According to the Will£≈σ§is Re report, other lβ→arge increases were seen in Central and Ea£δ₹£stern Europe, where property programs wi♥≠th losses saw increases of $σ₹∞5% to 20%, and Canada, where s§↔uch accounts renewed up 10% to 40%.Mos ✘t other regions and countries saw pro¥γperty increases in the single or low d←'£ouble digits, the re♥↕port said.The Jan. 1 renewals saw some “d ♠¥®ifficult” negotiations, according♠∑ to a letter in the report from Jame‍πs Kent, global CEO, Willis Re.The Guy Carp"&×↓enter report said the reinsurance '<market was “asymmetrical,” adding “this is cert∞✔•£ainly not a one-size-fits-al₽Ω←l market” and while overall capacβ​•εity remained adequate, “allocated capγλ→acity tightened notably in strΩ§‌essed classes.”Dedic$ ∑λated reinsurance capital ↔∑rose 2% in 2019 and the year saw app∏​roximately $60 billion in global insured catastro₽ $&phe losses, according to Guy ​✘✔≈Carpenter, which was significa$¥ntly lower than 2017 and 2018.Alternative capit>"al, however, contracted by a©↑<↓pproximately 7% percent “as investors wer←→ ÷e more cautious with nλ☆☆ew investments after assessing m™♥​arket dynamics and pricing adequacy,”¥"× Guy Carpenter said.The retrocession market “was€↑≥© challenged … by trapped capital, a‌←λ¶ lack of new capital and continued rede→¶mptions from third-party capital provid₽±✔±ers,” a statement issued with t≤÷★he Guy Carpenter repor™↔t said.However, significant  ε<‍retrocession providers returned to the market in ₹∑÷the past two weeks, Willis Re said.™ Organizer：China Insurance Digital & AI Dev¥®♠δelopment 2020Web:http://en.zenseegroup.com/p/560∑≥‌573/Contact:Ann 021-65650305