From:businessinsuranceeinsurance rene☆∞wals at Jan. 1, 2020, mainly saw single-γ∏digit increases, with<×φ☆ some exceptions, according to reports by reinsu≈‌rance brokers released Thursd≠✔§↕ay.Willis Re, the reinsurance brokerage of W±φillis Towers Watson PLC, and Guy Carpent✘®>er & Co. LLC, a un₩©it of Marsh & McLennan Cos. Inc. bot← λh reported that year¶&‍ -end reinsurance renewals varied by account≥★ and region, but the retrocessional reins∞β" urance was under pressure.Rates on line foΩ✘★r property catastrophe reinsuran☆₽δ↕ce programs remained stable and propπ✔erty per risk pricing was driven by indivαφ ≥idual program performance, the Willis report >∞' said.Although some Lloyd’s of London syndicates ©∞≤took firm positions on rate in♣♠γ‌creases and the London market authorized capac♥ ∏ity decreased, that capactiy was re ®γplaced by new capita•φ✔σl and a strong supply from other markets≥↓Ω£, Willis Re said.U.S. loss-fre≤€ •e accounts renewed at flatφ☆ to up 10% while those with losses saw increasesφ​‍ of 10% to 50%, the Willis Re₽↔ report said, which was among the largest i¥♠₩ncreases. Property catastrophe accounts without↑≤¶> losses renewed at flat to up 5%±≤, while loss hit accounts wβ​ere up 10% to 20%, Willis Re <♥★said.According to the Gα&uy Carpenter report, the brokerage’s g₩α®lobal property catastrophe rate on line index ros★&e 5% in 2019.According to the Willis Re report, o₽≤ther large increases were seen in Ce♥λ≤✔ntral and Eastern Eur& ope, where property programs with los®€δ÷ses saw increases of 5% to 20%, a₹ ↕&nd Canada, where such accounts renewed up 10% to ¥$®£40%.Most other regions and countries <←saw property increases in the single or low dπ€&®ouble digits, the report said.The Jan↔↕. 1 renewals saw some “difficult” negoπγtiations, according $×∑to a letter in the repor σ≥βt from James Kent, global  ε↔CEO, Willis Re.The Guy Carpenter report s ♥®‌aid the reinsurance market was “asy÷¥ mmetrical,” adding “this i♦₽↕s certainly not a one-size-fits-all market” and $×"while overall capacity r✔✔↑♥emained adequate, “allocateπ↓₩d capacity tightened notably in♣σ'σ stressed classes.”Dedicated reinsuran™★♦ ce capital rose 2% in 2019 and the year saw app↔φ™roximately $60 billioφ✘n in global insured catastrop∏®¥he losses, according to€​π Guy Carpenter, which was significantlyΩσ∞< lower than 2017 and 2018.Alternative™♦← capital, however, contracted¶× by approximately 7% percent “as investors were ♣§™more cautious with new investments afσ≈'ter assessing market dynamics aβββnd pricing adequacy,” G✔©$uy Carpenter said.The retrocession mα™arket “was challenged … by trapped capital, ±®φa lack of new capital and co÷₽ntinued redemptions from third-party caε≥ pital providers,” a sta®Ωtement issued with the Guy Car•↑✔✘penter report said.However, sign ±"φificant retrocession providers returned to the ↑σ€∏market in the past two w♥ "eeks, Willis Re said.Organizer：China Insurance "€♠←Digital & AI Developm✔ ↕↕ent 2020Web:http://en.zenseegroup.com/p/560573/C¶↔∞αontact:Ann 021-65650305