From:businessinsuranceeinsurance renewals at Ja±♦→↔n. 1, 2020, mainly saw single-≈σdigit increases, with some ☆ ∞ exceptions, according to‍♥<$ reports by reinsurance brokers released Thursda™φ≠y.Willis Re, the reinsurance br↓∞okerage of Willis Towers Watson PLC, and Gu‍¥y Carpenter & Co. LLC, a unit of Mar§λsh & McLennan Cos. Inc. both reported that ye≠λΩ♦ar-end reinsurance renewals varied by§¶ account and region, but the retrocessiona •<l reinsurance was under pres♣<Ωsure.Rates on line for property catastrophe♣Ω reinsurance programs remained stable and pro÷φperty per risk pricing was driven by in✔<&¶dividual program performance≥≥, the Willis report sai≥↕¥d.Although some Lloyd’s of €∏ London syndicates tooγβk firm positions on rate<σ increases and the London market authorized ♠∏≤capacity decreased, that capactiy was repl‍‍δaced by new capital and a strong★σ supply from other markets, Willis Re saidΩ↑.U.S. loss-free accounts reneφβwed at flat to up 10% while t♣✘δhose with losses saw increases of 10% ¶✔to 50%, the Willis Re report said, which ×₩was among the largest increases. Property catas≤✔λtrophe accounts without ♠λlosses renewed at flat to up 5%, while loss↕​ hit accounts were up 10% toΩ≤♥♠ 20%, Willis Re said.According to the Guy Carpent€‌er report, the brokerage’s global prop♦✘¶erty catastrophe rate oβ☆×₽n line index rose 5% in 2019.According to the¥δ≤ Willis Re report, other large increases were sε≤φ↔een in Central and Eastern£×‌ Europe, where property progra ÷$∏ms with losses saw increases  π‍✘of 5% to 20%, and Canada, where such account'¥ Ωs renewed up 10% to 40%.Most oth≤εer regions and countries saw prop $erty increases in the single or low double d♣±≠igits, the report said.The Jan. 1 rσ≥♥βenewals saw some “difficult” negotiations, accord​§ing to a letter in the report froβ↓✘m James Kent, global CEO, Willis Re.The Guy Carpε€♥enter report said the reinsurance marke λ∑‌t was “asymmetrical,” add♦εing “this is certainly not a one-size-fits-alπ$δ•l market” and while overall capacity remained ade®↑ quate, “allocated capacity tightened notab'"ly in stressed classes.”Dedi£€£ cated reinsurance capital rose 2% in 201÷Ω←9 and the year saw approximately $♣↔60 billion in global insured catast©≈‌≤rophe losses, according to Guy Carpenter★α♥, which was significantly αβ✔lower than 2017 and 2018.Alternative capitβ$al, however, contracted by approximat♠↑∞¶ely 7% percent “as investors ÷§↕were more cautious with new investments after as±©≤sessing market dynamics and pricing adeqε∞∑¥uacy,” Guy Carpenter said.The retr₩♦<ocession market “was challenged … by trapped ca♥φ£€pital, a lack of new capital and continβλued redemptions from third-party § £☆capital providers,” a statement issued wit<λh the Guy Carpenter report  ' said.However, significant retγ rocession providers returned t ∑o the market in the past←≈$ two weeks, Willis Re said.Orλ¥₹ganizer：China Insurance Digital & AI δ↑Development 2020Web:http://en.₽βzenseegroup.com/p/560573/Contact:Ann 0 π$21-65650305