From:businessinsurancee≥π←insurance renewals at Jan. 1, 2020, mainly s∞γ™aw single-digit increasesΩ≈ , with some exceptions, according to repo± rts by reinsurance brokers release★☆d Thursday.Willis Re, π$♣the reinsurance brokerage oΩ∞±₽f Willis Towers Watson PLC, and Guγδ←☆y Carpenter & Co. "★£→LLC, a unit of Marsh & McLennan Cos. Inc. b​♣oth reported that year-end r♦γ≈ einsurance renewals varied by ac₩π≈count and region, but the retrocessio>‍nal reinsurance was under pressure.Rat×<₹$es on line for property catastroΩ&phe reinsurance programs remained stable ✘‌↕$and property per risk pricing w∑αas driven by individual program performance, th₽‍e Willis report said.Although ±≠∞&some Lloyd’s of London syndicates took↔÷♦✘ firm positions on rate increases and the London ♠↔market authorized capacity de£₽creased, that capactiy was replaced by new☆ ☆ capital and a strong supply from other markets, •>​Willis Re said.U.S. loss-free accoun♥↕☆<ts renewed at flat to up 10% while those with δφ₹♣losses saw increases of‌λ¥ 10% to 50%, the Willis Re repo★₹rt said, which was among the largest inc♦∞γ✔reases. Property catastrop∑£×he accounts without losses renewed at fla☆ ☆t to up 5%, while loss hit a☆εccounts were up 10% to 20%, Wil≥>λlis Re said.According to the Guy Ca✘™↑rpenter report, the brokerag§✔e’s global property catastrophe rate on line ♥§ §index rose 5% in 2019.According to the  ÷☆Willis Re report, other lar≈'✔"ge increases were seen in Ce™♦ntral and Eastern Europe, w♣δ here property programs with los×♠©ses saw increases of 5% to 20%, ≥"¥and Canada, where such accounts renewed up 10% t✘εo 40%.Most other region "s and countries saw proπ&πperty increases in the sing♦ε&le or low double digits, the report said.The J≈<₹an. 1 renewals saw some “difficult” negotiations€♠ ₹, according to a letter in the repo¶±β♠rt from James Kent, global CEO, Willis Re.The Gu÷<♦y Carpenter report sφ aid the reinsurance market was “≥ £asymmetrical,” adding “∞↓÷this is certainly not a one-size-fits-all marγ☆♦λket” and while overall↔←φ↑ capacity remained adequate, “allocat$↑ed capacity tightened notably in stre♦✘ssed classes.”Dedicated reinsurance c•¶apital rose 2% in 2019 and the yearλγ✘ saw approximately $60 billi§≤♣✔on in global insured÷÷ catastrophe losses, accor&↑ ₩ding to Guy Carpenter, which was significan±✘γ≤tly lower than 2017 and 2018.Aδ✔↓lternative capital, however, contracted b₩∏♦y approximately 7% percent “a₩δs investors were more cautious with new ← investments after assessing ®φδmarket dynamics and pricing adequacy,” Guy Carpen∑♣εter said.The retrocession market “was chal£φ§lenged … by trapped capital, a lack of new∏ε© capital and continued rede→'mptions from third-party capital providers,” a∏✘ statement issued with the α↕ Guy Carpenter report said.$₽≈However, significant retrocession providers‌'επ returned to the market in the past two↑≠♥↓ weeks, Willis Re said.Orga¥≤nizer：China Insurance Digital & AI Developmenσ>♣≤t 2020Web:http://en.zenseegroup€≠'".com/p/560573/Contact:Ann 021-65 φ650305