From:businessinsuranc<&φeeinsurance renewals at★¶ Jan. 1, 2020, mainly saw single-digit increases,>​‍€ with some exceptions, according to report±☆φs by reinsurance broke≤≤rs released Thursday.Willis Re, the rπ≠φeinsurance brokerage of Will​£φ<is Towers Watson PLC, and Guy Carpenter & Coπ↔÷. LLC, a unit of Marsh & McLennan Co¥≤s. Inc. both reported that ☆↑&year-end reinsurance renew€≈als varied by account and regαφion, but the retrocessional reinsur£$↕ance was under pressu>∏↕₽re.Rates on line for proper™φεty catastrophe reinsurance progra♠♥ms remained stable and property per risk pricing ♥∞was driven by individual →‍←program performance, the Willis report saiσ$d.Although some Lloyd’s₹‌ of London syndicates to©≠≠↓ok firm positions on rate increases and the Lon£←©don market authorized cap"™'acity decreased, that capactiy was replac ×σ™ed by new capital and a st←×σrong supply from other markets, Willis ♣‍<Re said.U.S. loss-free accounts r‌ φenewed at flat to up 10% while tho↑'>se with losses saw increases of 10% to 50%, ≥©>αthe Willis Re report said, which was among the ∏‍✔♠largest increases. Property catastε↔rophe accounts without losses renewed at flat σ​to up 5%, while loss hit accounts were up 10% t$"βo 20%, Willis Re said.♠  $According to the Guy Carpenter report,ε$€ the brokerage’s global property catastrophe ra₽™γte on line index rose 5% in 2019.According to&¶≤ the Willis Re report, other large increases were₽• seen in Central and Eastern Europe, wππ§here property programs with los÷₹♠ses saw increases of 5% to 20%, and Canada, wher≈¥♥​e such accounts renewed up 10% to 40α±ε₹%.Most other regions and countries saw≥>>$ property increases in the single or low double®≈ digits, the report said.The Jan. 1↑σ renewals saw some “difficult” negotiations→☆ε, according to a letter in the re÷•port from James Kent, global CEO, Willis R<>✘e.The Guy Carpenter report said the reinsurance ∑♦market was “asymmetrical,” addin✔®g “this is certainly not a o¥ ne-size-fits-all market” and while oφ×verall capacity remained adequateα§÷, “allocated capacitε↔y tightened notably in stress§≤ed classes.”Dedicated reinsurance capital r<​& ose 2% in 2019 and the year saw approximately≥↔₽♠ $60 billion in global insured catastrop≥∏he losses, according to Guy Carpent☆↑γ‌er, which was significantly lower than 2017 and✘± 2018.Alternative capital, however, contracted bλ€y approximately 7% perβ∏≠₽cent “as investors were more ∞♣&≤cautious with new investments after assessing m‌ λαarket dynamics and pricing adequacy,§×” Guy Carpenter said.The retroλ≠εcession market “was challenged … by trapp∏‍↓ed capital, a lack of ne∏÷w capital and continued reπ®demptions from third-party $♥↑capital providers,” a stat¶<↕ement issued with the Guy Carpenter rep→←ort said.However, signifi← πcant retrocession pr→→♥oviders returned to the market in the pa₹α st two weeks, Willis Re said.Organizer：China↕✘×☆ Insurance Digital & AI Developmen£✘t 2020Web:http://en.zenseegroup.com/p→↕/560573/Contact:Ann 021-65650305