From:businessinsurancee↔​insurance renewals at Jan. ↓ ₽£1, 2020, mainly saw sφ∑ingle-digit increases, with some e↓♦xceptions, according to reports by ∏ε reinsurance brokers released Thu ‍rsday.Willis Re, the reinsurance brokerage of ​λ≈Willis Towers Watson PLC, and Guy Ca↕ ≈rpenter & Co. LLC, a unit oφ♥¶ f Marsh & McLennan Cos. Inc. bo₩® ≤th reported that year-end reinsuranc&★e renewals varied by accoun≤∞t and region, but the retr&₩ocessional reinsurance was under pressure.R§∏≥∑ates on line for property cata δ‍$strophe reinsurance programs remained '¥ stable and property per risk pricing was §'¥driven by individual program performance, theε←$± Willis report said.Altho‍§↔×ugh some Lloyd’s of Londo®♣ n syndicates took firm positions on rate inc€‍ε>reases and the London market authorized ✔&capacity decreased, that ≤↑capactiy was replaced by new capital and a str₽♣ong supply from other mar♠​★αkets, Willis Re said.U.S. loss-free a™↓•ccounts renewed at flat t ‍≠λo up 10% while those with losse''☆©s saw increases of 10% to 50%₽♦£, the Willis Re report said, which was amonλ™εg the largest increases. Propert§‌∑Ωy catastrophe accounts without losses ‌★<®renewed at flat to up 5%, while loss hit♠< accounts were up 10≈∏¥✔% to 20%, Willis Re said.Ac→φ≈αcording to the Guy Carpent→✔"₩er report, the brokerage’s gl§•obal property catastrophe ®₹εrate on line index r γose 5% in 2019.Accordin€γg to the Willis Re report, other large ≥±increases were seen in Central and ±↔βEastern Europe, where property÷←‍¶ programs with losses♥↑ saw increases of 5% to 20%, and Canada, where→♥≠♣ such accounts renewed ↓₽up 10% to 40%.Most othe↓✘♣r regions and countries saw property increases i≥♥λn the single or low double digits, the ≤≈§•report said.The Jan. 1 renewals saw some “diffiγ✘cult” negotiations, acco¶±×rding to a letter in the report from James Ken$>t, global CEO, Willis Re.The Guy C₽ε arpenter report said the reinsurance m‍∏arket was “asymmetrical,” adding “this ←≤is certainly not a one-size-f♥ its-all market” and while oveσ‌rall capacity remaine≤ε‍↔d adequate, “allocated ca×"pacity tightened notably in stressed classes.”D≠≈edicated reinsurance capital r☆‍ose 2% in 2019 and the year saw approximately ★€$60 billion in global insured catas‍→®trophe losses, according to Guy Carpenter, which ​∑☆was significantly lower than 2017 ₽≈★&and 2018.Alternative capital, however, contractedπ"§∏ by approximately 7% percent “a>σσs investors were more cautious with new in" vestments after assessing market dynamicβ₩©s and pricing adequacy,” Guy Carpe∞ εnter said.The retrocessio♦δγn market “was challeng€☆$★ed … by trapped capital, a lac ♠<☆k of new capital and continued redemp§αtions from third-party capital providers,” a stat↔π£ement issued with the Guy Carpenter repoπ≤rt said.However, significant ∏‍♠retrocession providers←$δ returned to the market in the past two weeks, Wi¥γ¥llis Re said.Organizer：China I≥÷'nsurance Digital & AI Developmen​'t 2020Web:http://en.z♥€enseegroup.com/p/560573/Contact:Ann 021-65650305₹δ≥