From:businessinsuranceeinsurance renewals §♠at Jan. 1, 2020, mainly saw sing¶β≥→le-digit increases, with some exceptions, accord≈€"ing to reports by reinsurance ¶•∑brokers released Thursday.W $‍illis Re, the reinsurance brokerage of<♣ ≤ Willis Towers Watson PLC, and Guy Carpen©λter & Co. LLC, a unit± ‍§ of Marsh & McLenna×₩β♦n Cos. Inc. both reported tha•"↓t year-end reinsurance renewals vari‍₩♦σed by account and region, but the retro☆™δ‍cessional reinsurance ∏₽was under pressure.Rates on line for₹☆★✘ property catastrophe reinsuranc£λe programs remained stable and property per ris↑←₹k pricing was driven by individual program ✔ performance, the Will₹ ¶λis report said.Although some Lloy&£αd’s of London syndicates took §∏firm positions on rate increases and the Lπ§γ↓ondon market authorized capacity decr< eased, that capactiy was replaced by new capita§$l and a strong supply from other markets, © <≥Willis Re said.U.S. loss-free account↓ s renewed at flat to up ≥₩δ10% while those with losses saw increasβ₽"es of 10% to 50%, the Willis Re report said, ♥>™which was among the largest increase↓¥&s. Property catastrophe acc$<​₹ounts without losses renewed at flat t¶→o up 5%, while loss hit accounts were up 10% to 2™∏&0%, Willis Re said.According•₽ to the Guy Carpenter report, •↕©÷the brokerage’s global p>®roperty catastrophe rate on line i♠πndex rose 5% in 2019.According to the W×™≤§illis Re report, other large in‌∞creases were seen in Central and Eastern Eu​÷rope, where property programs wσ₽ith losses saw increases of ♦ 5% to 20%, and Canada, ∞ where such accounts r∑<↔enewed up 10% to 40%.Most other regλ≠ions and countries saw property increas•←>es in the single or l÷→ow double digits, the report said.The Jan. 1 r αenewals saw some “difficult” negotiati‍'πβons, according to a letter in the report fro✔×★m James Kent, global CEO, Willis Re.The Guy Carp&≈enter report said the reinsu​<÷♥rance market was “asymmetrical,” adding “t↓σ his is certainly not a oneλ×®•-size-fits-all market” and whiδ∑γle overall capacity remained adequate€♥©δ, “allocated capacity t↓♦ightened notably in  γ→&stressed classes.”Dedicated reinsurance ca✔≈→ pital rose 2% in 2019 and the year sa™←±w approximately $60 billion i→↓​☆n global insured catastrophe losses,∞↕ according to Guy Carpenter, which♦₹₩• was significantly lower th✔←an 2017 and 2018.Alternative capital, how¶∏↔ever, contracted by approximately 7% percent “®¥as investors were more cφ≠€εautious with new investments after ¥εassessing market dynamics and pricing adequacy×"€,” Guy Carpenter said.The r✘® 'etrocession market “was challe​&βnged … by trapped capital, a lack of new capi<♦₹tal and continued redemptions from third-part♠₽✔y capital providers,” a statement issue↓←✔d with the Guy Carpenter₩♥♠​ report said.However, significan€φ♥♣t retrocession providers returned to the markeλ≠t in the past two weeks, Willis Re sa→♠♣id.Organizer：China I₹> nsurance Digital & AI Developme×∏±nt 2020Web:http://en.zensee£☆×group.com/p/560573/Contact:Ann 021-65650305