From:businessinsuranceeinsurance reneσ↔wals at Jan. 1, 2020, mainly saw single-digit i←←✔φncreases, with some exceptions, according "∏to reports by reinsurance broke♥÷Ω₽rs released Thursday.Willis Re, the reinsuran↑✘×ce brokerage of Will±β"is Towers Watson PLC, and Guy Car 'penter & Co. LLC, a unΩ∞it of Marsh & McLennan C♣ os. Inc. both reported tha‌÷•‌t year-end reinsurance renewals varied by ac<λcount and region, but the retroce₩§ssional reinsurance was under pressu ★≤•re.Rates on line for property catastrophe rein₩→♦♦surance programs remained stab♠₽le and property per risk ×↔ pricing was driven by individual program pe♥φ'rformance, the Willis report said.Alth>↓↔ough some Lloyd’s of London syndicates took firm©≤☆$ positions on rate increases anλ$₩≠d the London market authorized capacity •♠≈decreased, that capactiy was→ππ replaced by new capital and a strong suppλ€​'ly from other markets, Willis Re £εγsaid.U.S. loss-free accounts renewed at flat to $​up 10% while those with losses saw increase®λs of 10% to 50%, the Willis Re report said, which¥Ω‌ was among the largest increases. Property cata↓§™strophe accounts without l<✔§osses renewed at flat to up 5%, while loss hit aγ←ccounts were up 10% t  o 20%, Willis Re said.According to the Guy Carpeγβ×nter report, the brokerage’s global property cγ‍≈φatastrophe rate on line index rose 5% in 201₹>9.According to the Willis Re reporδ±‌t, other large increases were se€αen in Central and East£'>₩ern Europe, where proγ₽₩perty programs with losses "ε saw increases of 5% to 20%, and C♠☆ anada, where such acc∞§ounts renewed up 10% to 40%‌✔.Most other regions and countries saw property iπ‍>↑ncreases in the single or low double∏↕✔ digits, the report said.The Jan.©β♦ 1 renewals saw some “difficult” negotiation α↓σs, according to a let₩≈ter in the report froπ♠π m James Kent, global CEO, Willis Re.The Guλ←∏y Carpenter report said the reinsurance market w∏≈‍as “asymmetrical,” adding “this is certainly n'≠Ω♣ot a one-size-fits-all marke€‌<t” and while overall capacity remained®ε adequate, “allocated capacity tighten≥←↔↕ed notably in stressed classes.”Dedicat↔↕δ‌ed reinsurance capital ✔±←rose 2% in 2019 and the y♠¥™ear saw approximately $60 billion in global ins'← ured catastrophe losses, according to •§£Guy Carpenter, which was significantly l♥"♦♦ower than 2017 and 2018.Alternative capital,  π₩however, contracted by approximately 7% per↓•cent “as investors were ✔₽₽more cautious with new investments after asse±≈ssing market dynamics and pricing adequacy,” Guy≤'×> Carpenter said.The retrocessio∞₹→n market “was challenged … bπ±→y trapped capital, a lack of nα≥β™ew capital and continued redemptions±'¶ from third-party capital providers,” γ≈≈₩a statement issued with the Guy Ca®≠rpenter report said.However, significant r ₽etrocession providers returned to the market inβ< the past two weeks, Willis Re said.Organizer：↓±λ"China Insurance Digita✘εσl & AI Development 2020We↓£b:http://en.zenseegroup.com/p/560573/Contact:Aβπ✔™nn 021-65650305