From:businessinsuranceeinsurance renewals at€₽₩ Jan. 1, 2020, mainly saw single-digit increases‍¶, with some exceptions, according to reports by rε≈einsurance brokers released Thursdayα​.Willis Re, the reinsur ™♦ance brokerage of Willis Towers β≥Watson PLC, and Guy Carpenter‌↓≈∑ & Co. LLC, a unit of Marsh & McLennan¥☆ Cos. Inc. both reported that year-end reinsu<"✘rance renewals varie✔αd by account and region, but the retrocessional •±∏•reinsurance was underγ• pressure.Rates on line for property catastro®↕✔↓phe reinsurance programs remai≈≠↔★ned stable and property per risk •φpricing was driven by individual program per≥$formance, the Willis re∞≤λφport said.Although someα≠÷ Lloyd’s of London syndicates Ω≈took firm positions δ§₽∞on rate increases an₩<>d the London market author γ¥♠ized capacity decreased, that capactiy w"♠£as replaced by new capital and a stro<≥λ‍ng supply from other$ε markets, Willis Re said.U.S. loss-fr•©'♣ee accounts renewed at ®‌¶≈flat to up 10% while those with losses saw¶$♥ increases of 10% to 50↕↕λ%, the Willis Re report said, which ¶φ™was among the largest increases. Property cataβ∑₹αstrophe accounts without los​"↑ses renewed at flat to up 5%∞↔♠↑, while loss hit accounts ¶₽were up 10% to 20%, Willis Re s$★≠aid.According to the Guy Carpenter repoπ§rt, the brokerage’s global property  σ &catastrophe rate on line index λλ÷♥rose 5% in 2019.According to the Willis Re rep€Ωort, other large increases were seen<Ω in Central and Eastern Europe, where property "↔αprograms with losses saw increases ₩↓of 5% to 20%, and Canada, where such accounts  φrenewed up 10% to 40%.M↕<¶ost other regions and countr∞★±ies saw property increases i×÷ ♦n the single or low d≈"♠ ouble digits, the repor∑™γγt said.The Jan. 1 re★γnewals saw some “difficult” λβnegotiations, according to a letter in ₩φ¥$the report from Jameε♥​>s Kent, global CEO, →♠∞Willis Re.The Guy Carpe✘₽σ×nter report said the☆≥σ reinsurance market was “asymmetric₽‌↕al,” adding “this is certainly not  ∞↔a one-size-fits-all market” and while ove ®®rall capacity remained adequate, “all↕β∏÷ocated capacity tightened notably in stressed cl§ asses.”Dedicated reinsurance capital rose 2% iσ₹n 2019 and the year saw approx±εimately $60 billion in glo ∞♣bal insured catastrophe losses"₽₩, according to Guy Carpenter, which was signif​↕‌icantly lower than 2017 and 2018.Alternat•✔ ♣ive capital, however, contract₹‍"ed by approximately 7% percent “as investor≤σs were more cautious with‍Ω♦ new investments after assessing market>★€  dynamics and pricing adequacy,” Gu∑‍y Carpenter said.The retrocession market  &™≤“was challenged … by trap σΩped capital, a lack of new capital and continue‍★∑‍d redemptions from third-party capit ≠§al providers,” a statement issu↓πσ‍ed with the Guy Carpenter report sai±‌d.However, significant retrocession providers ret∞'urned to the market in the past two w₩$eeks, Willis Re said.Organizer：China Insurance Di">gital & AI Developme'δ♦εnt 2020Web:http://en.zenseegroup.com/p/560573/C÷£π∏ontact:Ann 021-65650305