From:businessinsuranceeinsurance renewals←" at Jan. 1, 2020, mainly saw single-digi≥‍¶t increases, with some exceptions, accord   ing to reports by re γinsurance brokers rele§&±≥ased Thursday.Willis Re, the reins€ ¥∑urance brokerage of Willis Towers←☆ε£ Watson PLC, and Guy Carpe§™nter & Co. LLC, a unit of Marsh &am÷Ωp; McLennan Cos. Inc. both reported that year-"→end reinsurance renewals varied by ¶'¥βaccount and region, but the retr↓'∑εocessional reinsuran♠∏‍ce was under pressure.Rates on line f‌×↑or property catastroph∏♣e reinsurance programs rem∞∏ained stable and property per risk pric✔αing was driven by individual program per₩£≥formance, the Willis report said.Although some"β§ Lloyd’s of London syndicates took ®‌®firm positions on rate increases and the Londo‌↓δn market authorized capaπ>≠₩city decreased, that capactiy was r¶"eplaced by new capital and a stro★$ng supply from other markets, Willis Re  ☆"said.U.S. loss-free accounts renewed at f₹☆♠→lat to up 10% while those ★♥↔<with losses saw increases of 1®∞π0% to 50%, the Willis Re report said, w✔™£hich was among the larges↓α ≠t increases. Property catastrophe accounts w↑↕↓ithout losses renewed at f♥ε♠Ωlat to up 5%, while loss hit acco∑→unts were up 10% to 20%, Willi>®βs Re said.According to the Guy Carpenter reΩσφ>port, the brokerage’s global property catastroph←≠‍e rate on line index rose 5γ>‍% in 2019.According to the Wil£®↑™lis Re report, other large increases were sπ★←∑een in Central and Eastern Europe, where p₩←∏÷roperty programs with losses saw increasεσes of 5% to 20%, and Canada, where such accou‌←₹nts renewed up 10% to 40%.Mo→&≥≤st other regions and countrie≤↔&'s saw property increases in the single ♦<☆×or low double digits, the reporδ'↔t said.The Jan. 1 renewals saw some “di"♦≤≤fficult” negotiations, aπ<δ≈ccording to a letter in t★"he report from James Ω✘☆Kent, global CEO, Willis Re.The Guy C<©εarpenter report said the reinsurance market ¶☆&↑was “asymmetrical,” adding♥"≠≥ “this is certainly not a one-size-fits-all £★ market” and while ove÷λφ<rall capacity remained adequate•✘, “allocated capacity tig"∞<★htened notably in stressed classes.”Dedica ←✔<ted reinsurance capital   rose 2% in 2019 and the year saw approximate≤←£ly $60 billion in global insured ca₹¥tastrophe losses, accor♥♣✘ding to Guy Carpenter, which was significanφγ<tly lower than 2017 and 201≤÷↑'8.Alternative capital, however, contracted$€ by approximately 7%¶←↑• percent “as investors were more cautious wi∑≥↓βth new investments after assessing marke✘‍t dynamics and pricing adequacy,” Guy Carp€σ​•enter said.The retrocession mar♠‌ket “was challenged … by trap✘≥ped capital, a lack of new capital andα"€ continued redemptions from th₹€αird-party capital providers,” a statement issued‍ £≥ with the Guy Carpenter re∑¥port said.However, significanπ≠t retrocession provid₩✔↓€ers returned to the market in the past two we☆<☆‍eks, Willis Re said.✔∞πOrganizer：China Insurance Digit↑✔÷al & AI Development 2020Web:http://en.zens☆₩eegroup.com/p/560573/C≥≥ontact:Ann 021-65650305