From:businessinsuranceeinsurance renewals<♣ at Jan. 1, 2020, mainly saw sin©×✔βgle-digit increases, with some excepti£∑÷αons, according to reports by reinsuranφΩce brokers released Thursday.Willis Re, the rein☆∞ ♥surance brokerage of Willis Towers Watson§× PLC, and Guy Carpenter &am♣​•p; Co. LLC, a unit of Marsh & McLennan Co ¶>s. Inc. both reported that year-end r♠πeinsurance renewals varied by account β​γand region, but the retroc‌σessional reinsurance was♦‌≠ under pressure.Rates on line for property>✔‌ catastrophe reinsurance program&φ©s remained stable and property ®₩φper risk pricing was driven by individual prγπogram performance, the ↑​×≠Willis report said.Although some Lloyd’s of Lon☆ππdon syndicates took firm positions on rate in∞®creases and the London market aut&α☆≤horized capacity decreased, tβ→✔hat capactiy was replace↕÷d by new capital and↔• ∞ a strong supply from o∏₹ther markets, Willis Re said.U.∞ S. loss-free accounts " renewed at flat to ®π∑πup 10% while those with loss$★↑∏es saw increases of 10% to 50%↔÷λ♠, the Willis Re report sa¥∞id, which was among the large₽€∞st increases. Property catastroph₽↕₹↓e accounts without losγ£ses renewed at flat to up ✔✘5%, while loss hit accounts were ≥ up 10% to 20%, Will≥₽is Re said.According t®> o the Guy Carpenter report, the brokerage→∞₹’s global property catastroΩ♦phe rate on line index rose 5% in 2019.Accordin​☆g to the Willis Re report, o☆®∏↑ther large increases were see☆‌n in Central and Easter₽‌n Europe, where propα&erty programs with losses saw increas×£→es of 5% to 20%, and Caφ"←>nada, where such accounts renewe♦‍©d up 10% to 40%.Most other regions and coun≠♥σ÷tries saw property increases in the singlλ¶e or low double digits, the report ♥♣ said.The Jan. 1 renewals saw some “difficult✘↓” negotiations, according to a letter in the re★™πport from James Kent, global∏β'≠ CEO, Willis Re.The Guy Carpenter report said thδ$e reinsurance market was “asymmetri≥γcal,” adding “this is cer↑£tainly not a one-size-fits-all market←‌✔” and while overall ca §×pacity remained adequate, “all→✔↓ocated capacity tightened notably in str'✔♦&essed classes.”Dedicated rei₽εnsurance capital rose 2% in 2019 and th♦‌∞e year saw approximately $60 billion in g‍®$lobal insured catastrophe losses, accor&✘ding to Guy Carpenter, which was s✔¥≤ignificantly lower than 2017 and 2018.Alteα↓∏rnative capital, however, contracted by appro® ximately 7% percent “as investors were ‍​•more cautious with new investments ↔₹after assessing market dynamics and pricing adeβπ©quacy,” Guy Carpenter said.The retr♦÷↔ocession market “was chal↓§♣lenged … by trapped capital, a lack of n₹♣εew capital and continued redempt≠←$ions from third-party capital providers>₩<≠,” a statement issued with the Guy Carp♣♠δλenter report said.However, significant retrocess•®ion providers returned to the market ₩★φin the past two weeks, Willis Re said.Organizer：C€∑hina Insurance Digital & AI Dev​✘elopment 2020Web:http://en.zenseegroup.com/p/560®®≈573/Contact:Ann 021-65650305