From:businessinsuranceeinsurance renew'‌♠ als at Jan. 1, 2020, mainly saw φγsingle-digit increases, with some exceptions, acc <ording to reports by reinsurance brokers released ÷↔σ Thursday.Willis Re, th$®e reinsurance brokerage of Willis ∑↕Towers Watson PLC, and Guy C★ασarpenter & Co. L₹$LC, a unit of Marsh & McLennan Coπ"s. Inc. both reported that year-end reinsu÷±rance renewals varied by accπ"ount and region, but the ∞₹∏∏retrocessional reinsurance was under♣σπ pressure.Rates on line for property c&£σ​atastrophe reinsurance programs reα→mained stable and property per ri Ωδ£sk pricing was driven by individual program↔ ©ε performance, the Willis report said.Aγ£lthough some Lloyd’s of London±ε syndicates took firm positions on rate increaseδ₽ s and the London market author★↑•λized capacity decreased, that capactiy was r±δeplaced by new capita≤σl and a strong supply from∏‍→β other markets, Willis Re said.U.S. loss-free☆→ accounts renewed at flat to up 10 λ☆↔% while those with losσ↔₽↑ses saw increases of 10% to 50%, the Willis Re≈₽ report said, which was amo ¥↕ng the largest increa₽ &£ses. Property catastroα¥phe accounts without losses‍¶ ∞ renewed at flat to uε↔p 5%, while loss hit acφ₽∏counts were up 10% to 20%, Willis Re said.Accoε ×rding to the Guy Carpente∏♠₽©r report, the brokerage’s global property ca☆$♦tastrophe rate on line index rose 5% in 201€•9.According to the Willis Re report, other l"​✔arge increases were seen i±↔∞n Central and Eastern Europe, where &→§&property programs with losses ¶¥  saw increases of 5% to 20%, a§β÷​nd Canada, where such accounts re€£≤ newed up 10% to 40%.Most other regions and $≤countries saw property increaα÷ses in the single or low double digits, the repΩ®σort said.The Jan. 1 renewals saw some “difficult$↕✔✔” negotiations, accordin∏‌‌®g to a letter in the rep ♥& ort from James Kent, globεΩ✘al CEO, Willis Re.The Guy Carpenter repo∏&÷✔rt said the reinsurance marke✘<✘≤t was “asymmetrical,” adding “this♥× is certainly not a one-size-fits-a₽•♣ll market” and while•≈≠ overall capacity remained adequat¶↔↑"e, “allocated capacity→✘‍Ω tightened notably in stressed classes.”D ¥₽©edicated reinsurance capitalδφ rose 2% in 2019 and↕™¥↔ the year saw approximately $60 billion in globa₩₽≈♦l insured catastrophe losses, aλ ₩ccording to Guy Carpenter, which was signifi∑≤'cantly lower than 2017 an↑≠☆d 2018.Alternative capital, however, c$✘‌ontracted by approximately 7% percent “as✔₩♥ investors were more cautious with₽♣♠≈ new investments after assessing market dynamβ∞σics and pricing adequacy,” Guy Carpe↕×nter said.The retrocession market “was chal$♠lenged … by trapped capital, a lack o≠✔f new capital and continued redemptions fr''om third-party capital providers,” ​γa statement issued with the Guy Carp ★®enter report said.Ho∏∏$wever, significant retrocess☆®"±ion providers returned to the market i≈≥¥n the past two weeks, Willis Re said.Organizer：C♠&Ω↕hina Insurance Digital & AI Develop₽€§×ment 2020Web:http://en.zenseegroup.com/p/560•☆573/Contact:Ann 021-65650305