From:businessinsurancee←←insurance renewals at Jan. 1, 2020, mainlγ≈♥λy saw single-digit increa♠✘ses, with some exceptions, according to re¥•↔ports by reinsurance bro♦↕÷kers released Thursday.Willis Re, the reinsur£→ance brokerage of Willis ✔₽↑Towers Watson PLC, and Guy Cπ÷λarpenter & Co. LLC, a unit of M₹♠∞πarsh & McLennan Cos. Inc. both >Ω≥§reported that year-end reinsurance renewals varε←ied by account and region, but ±™the retrocessional reinsurance was under p≤®$₩ressure.Rates on line for property catastrophe ↔↔‍♣reinsurance programs rem↔αδained stable and property per risk pr✔♠"icing was driven by individual program performanc'>↓e, the Willis report said.Although some Lloy>✘÷d’s of London syndicates took "σfirm positions on rate increases →¶and the London market authorized capacity decre§₹∏∑ased, that capactiy was replaced by new capital a₹'φnd a strong supply from other markets, Will∞•↕αis Re said.U.S. loss​δ-free accounts renewed→λ at flat to up 10% while those with losses sσ≠Ωaw increases of 10% to 50%,♥‍♥ the Willis Re report said←♠≈>, which was among the larges∑ ©t increases. Property catastrophe accounts§£®± without losses renewed at ₩σ∏flat to up 5%, while loss hit accouε♥•nts were up 10% to 20%, Willis Re said.Accordiσ¥σng to the Guy Carpenter report, t♥ε©he brokerage’s global  ≠↑property catastrophe rate on line ind↕"λex rose 5% in 2019.According to the Willγσis Re report, other large i✔§→ncreases were seen in Central a¶≥nd Eastern Europe, where property programs wit★γΩh losses saw increases of 5% • to 20%, and Canada, where such accou£βnts renewed up 10% to 40 &®★%.Most other regions and countries saw pr≈εoperty increases in the single or low double©  digits, the report said.The Jan. 1 ¥₹©renewals saw some “difficult” negotiations, acc€©γΩording to a letter in the report froδ∞≈m James Kent, global CEO, Willis Re×≥≠♣.The Guy Carpenter report said the reinsurance m‍©÷arket was “asymmetrical,” addi→©βng “this is certainly not a one-size-fits-δπall market” and while overall capacity remain☆×ed adequate, “allocated capacity tighteneσ÷§∞d notably in stressed classes.”Dedi↑♦ 'cated reinsurance capital rose 2% inβ→≠ 2019 and the year saw approximately $60 ♦×billion in global insured catastrophe l≠↑™λosses, according to Guy Carpeγ↔nter, which was significantly&π↔™ lower than 2017 and 2018.Alternatγ∏≈ive capital, however, contracted by appro£&•ximately 7% percent “as i™€®nvestors were more cau&'Ω€tious with new investments after assessing mδ arket dynamics and pricing adequacy,” Guy Carpen€☆‍∞ter said.The retrocession market “was chal≠♦lenged … by trapped capital₩♠♣, a lack of new capital and continue→♠d redemptions from third-party capita✔₩∞ l providers,” a statement issued with the Guyγσ Carpenter report said.However, significant×♥₩ retrocession providers returned to "×γ↑the market in the past two weeks,↑¥ Willis Re said.Organizer：China Insurance Digi≥"™‌tal & AI Development 2©¶020Web:http://en.zenseegrou≈λp.com/p/560573/Contact:Ann 021-65650305