From:businessinsuranceeinsurance reneα¥​☆wals at Jan. 1, 2020, mainly saw£$¶ε single-digit increases, with some exceptions, aπ♥γ←ccording to reports by reinsurance brokers releas≥©'ed Thursday.Willis Re, the reinsu∞→±βrance brokerage of Will÷ ©is Towers Watson PLC, and Guy £₩•ΩCarpenter & Co. LLC$β, a unit of Marsh &♠δ♥ McLennan Cos. Inc. both reported that↔∑ > year-end reinsurance renewals var ±α$ied by account and region, but the retrocessional σ reinsurance was under pressure.Rates on✔€& line for property catastrophe reinsur±§​ance programs remained stable£€÷← and property per risk pricing was driven by i® σndividual program performance, the Willis repor>Ω'®t said.Although some Lloyd’s of London syndicates∞§♣ took firm positions ±✘"±on rate increases and the London market authoriz∏ ed capacity decreased, that capaαβ¥☆ctiy was replaced by new capital and a strong sup±≤ply from other markets, &λWillis Re said.U.S. loss-free accoun÷☆≈£ts renewed at flat to up 10% while those with lo®₹αsses saw increases of 10% to 50%, ∑∞×≤the Willis Re report sa∑≠>id, which was among the largesγ•t increases. Property catastrophe accounts withou®↑πt losses renewed at ↓€ ♥flat to up 5%, while ‍σ loss hit accounts were up 10% to 20%, Willis&✔ Re said.According to∞♦♦ the Guy Carpenter r×$≤eport, the brokerage’s global prop $erty catastrophe rate on line i≠≠∑ndex rose 5% in 2019.According to the Wi  $llis Re report, other large increa←₽‍ses were seen in Central and Eastern Eu<™rope, where property programs with losses saw∏σ increases of 5% to 20%λ∑₽, and Canada, where such accouδ↓φ nts renewed up 10% to 40%.Most other regions€£δ$ and countries saw property • ≤≈increases in the single or low d¶↓ouble digits, the report said•€•.The Jan. 1 renewals saw some “difficult” ne₹φλ™gotiations, according to ₽∞π↓a letter in the report from Jame∏$σs Kent, global CEO, Willis ∏€₩∏Re.The Guy Carpenter report said the ¥∞reinsurance market was “asy≠‌≠≈mmetrical,” adding “☆♣this is certainly not a one-size-fi '★εts-all market” and while overall capacitΩ<×∏y remained adequate, “allocate £γd capacity tightened notably in stressed clas λαses.”Dedicated reinsurance capit♠ ☆al rose 2% in 2019 and the §₩year saw approximately $60 billion i¥$‍n global insured catastrophe losses, a±→✘ccording to Guy Carpenter, which was significa€®ntly lower than 2017 and 2018.Alternativ♦©™e capital, however, contracted by approxim→βately 7% percent “as inve≥→§↕stors were more cautious with new investments₹β→ after assessing market dynamics and pricing a♦ ☆γdequacy,” Guy Carpenter saλ‌★id.The retrocession market “was c÷​hallenged … by trapped capital, a lack of new • ₹ capital and continued redemptions from third-pa•≠γ&rty capital providers,” a statε≠≈∞ement issued with the Guy Carpenter reporδ¥t said.However, significant retrocession pro₩≥viders returned to the market in the past ₽‍₹×two weeks, Willis Re saiπ☆ •d.Organizer：China Insurance Di♣♦πgital & AI Development 2020Web:http:/β✔/en.zenseegroup.com/p/560573/Contact:Anσ₩n 021-65650305