From:businessinsuranceeinsurance renewals at ‍®✔Jan. 1, 2020, mainly saw✘≈< single-digit increases, with some exceptions,≤↓β according to reports by reinsura ✔λβnce brokers released Thursday.Wil★¶lis Re, the reinsurance brokerage of↕∑₹ Willis Towers Watson PLC, and Guy Car‍<₹ penter & Co. LLC, a un ↔✘ it of Marsh & McLennan σδ Cos. Inc. both repor∞♣ted that year-end reinsu₹β₽rance renewals varied ♣$εby account and region, but the retroces™₩sional reinsurance was≠​ under pressure.Rates on line for pγ♥roperty catastrophe reinsu≈ β'rance programs remained stable a₹₩nd property per risk÷‌★ pricing was driven by indivi®Ω>★dual program performance, the Willis report sai✘®d.Although some Lloyd’s o∑δδλf London syndicates took firm•‍ positions on rate increases and t ₹he London market authorized ♦₹ capacity decreased, that capa☆λ‍¶ctiy was replaced by new cap₹↕'ital and a strong supply from→©≥ other markets, Willis Re said∞→←β.U.S. loss-free accounts <₽renewed at flat to up 1γ∑≈★0% while those with losses saw incr←₽​☆eases of 10% to 50%, the Wil÷₩☆lis Re report said, which was among ♥φthe largest increases. Property catasφ☆trophe accounts without losses renewed atε↓∏ flat to up 5%, while loss hit accoεΩ"unts were up 10% to 20%, Willis Re sσ •aid.According to the Guy Carpenter report, <↕​the brokerage’s global property ♣¶ catastrophe rate on line index rose 5% in 2 >∏019.According to the Willis Re repo✘↑εrt, other large increases were se¥&✘↑en in Central and Easter≥★δn Europe, where propert☆ •y programs with losses saw increases ∏≈•of 5% to 20%, and Canada, where su÷πΩch accounts renewed up 10% to 40​∞♠ε%.Most other regions and β>$countries saw proper→​©±ty increases in the single ↕$​or low double digits, the report said.The Jan♠¶$. 1 renewals saw some “♥§✘difficult” negotiations, a ₽ccording to a letter in t♥♥☆★he report from James Kent,Ω∑ global CEO, Willis Re.The Guy Carpente ©"¥r report said the re≥¶insurance market was “asymmetrical,” adding “t→ε÷"his is certainly not a one-size-fits-all mar★±πδket” and while overall capacity ☆±‍÷remained adequate, “allocated capacity tig"↕∞htened notably in stressed clas¥✘≈ses.”Dedicated reinsurance capital rose 2% in 2✔©≠"019 and the year saw approximately £ $60 billion in global insured catas'÷ ±trophe losses, according to Guy Carpenter,∞₹¶→ which was significant¥™©ly lower than 2017 and 201 ​8.Alternative capital, €φhowever, contracted by β‍£approximately 7% percent “as ''♠investors were more cautious with new investmen←±ts after assessing mark←λ≈et dynamics and pricing adequaα€cy,” Guy Carpenter said.The retrocession m♣$&arket “was challenged …₽↔δ→ by trapped capital, a >↑ "lack of new capital and continued re&←±demptions from third-party capital providersε•↑,” a statement issued with the Guy Carp↕♥enter report said.However, significa ♥☆nt retrocession providers return→♠ed to the market in the ∑♥ past two weeks, Willis Re sa∑♥id.Organizer：China Insurance Digital &πγαamp; AI Development 2020Web:http://en.zen∞÷seegroup.com/p/560573/Contact:Ann 02≠‌©♦1-65650305