From:businessinsuranceeinsurance renewals β<φat Jan. 1, 2020, mainly saw single-d↔÷‌✔igit increases, with some exceptions, according§↕✘ to reports by reinsurance brokers¶≈ released Thursday.Willis Re, the reinsuranc​$♣εe brokerage of Willis Towers Watson PL±&$C, and Guy Carpenter &↓±< Co. LLC, a unit of Marsh φγ& McLennan Cos. Inc. both reported that year-§σ€end reinsurance renewals va©πried by account and reg​₹ion, but the retrocessional r&​₩"einsurance was under ‍ ÷♦pressure.Rates on line for property cataφαstrophe reinsurance programs remained s€₩±table and property per risk pricing→± was driven by individual program performance, th÷≤←‌e Willis report said.Although some Lloyd’s ofσ‌ London syndicates took firm positions oδσ'n rate increases and the London market authβ ↔φorized capacity decreased, that capacti×₹§≠y was replaced by new capital and a strong s♠π↑₹upply from other markets, Willis Re said.U.S£←±. loss-free accounts renewed at flat to →♠φ<up 10% while those with ★σlosses saw increases of 10%↓λ' to 50%, the Willis Re report said, which was am¥γ&ong the largest increasπ<•es. Property catastrophe accounts without loss">♠es renewed at flat to up 5%, whi•¥>‌le loss hit accounts π☆‌©were up 10% to 20%, Willis∏ ‌ Re said.According t± "o the Guy Carpenter report, the broker$ §age’s global property catastrophe rat♣≥® e on line index rose 5% in 2019.According to the ≥×‌Willis Re report, other large increases we✘α≥σre seen in Central and Eastern Europe, wh ¶ere property programs with losses∏÷≈← saw increases of 5% to 20%, and Canada, '∏>where such accounts renewed up 10% to 40%.Moקst other regions and countries saw property i φ​ncreases in the single or lπ♦ow double digits, the report∞≤≥π said.The Jan. 1 renewals saw some “difficult”♦♦ negotiations, according£'←↓ to a letter in the report ×Ωfrom James Kent, global CEO↑±∞↕, Willis Re.The Guy Carpenter re ♥★port said the reinsurance marke∏ t was “asymmetrical,” adding “this is cert σainly not a one-size-fits-alεφ¶‌l market” and while overall ca€∏•pacity remained adeq←♠uate, “allocated capacity tightened notab™®♣ly in stressed classes.”Dedicated reinsurance¥'& capital rose 2% in 20↔λ✔Ω19 and the year saw approximately $60  •billion in global insure©÷§d catastrophe losses, acco'♠rding to Guy Carpentαλ Ωer, which was significantly lower than 2017 a☆​♥nd 2018.Alternative capital, however, contract↕σ'ed by approximately 7% percent “as α×γinvestors were more cautious with new♥±λ  investments after assessin♥γ↓g market dynamics and pricing""₩ adequacy,” Guy Carpenter said.The retrocession m☆< arket “was challenged … by trapped capit ‌λπal, a lack of new capital an→∑≈d continued redemptions from third-par×♦ty capital providers,” a statement issued₽→∏ with the Guy Carpenter report said.However, sig≥$∑♠nificant retrocession providers returne↕≤ εd to the market in the past two ✘•βweeks, Willis Re said.O₽♦​¥rganizer：China Insurance ↕ Digital & AI Development 2020Web:h↔↑ttp://en.zenseegroup.±​com/p/560573/Contact:Ann 021-65650305