From:businessinsuranceeinsuran♦<©ce renewals at Jan. 1, 202☆λ→>0, mainly saw single-digit incr"×δ¥eases, with some exceptions, accβ₹ording to reports by reins≤✘urance brokers released Thursday.♠™  Willis Re, the reinsur¥₩β★ance brokerage of Willis Towers Watson PLC,₹  and Guy Carpenter & Co. LLC, a >ε≥ unit of Marsh & McLennan Cos. Inc. b<​oth reported that year-e★'™nd reinsurance renewals varied§↑₽ by account and regi≥₩♠±on, but the retrocessional reiγΩ∑nsurance was under pressu≠π‍ re.Rates on line for property catastrophe ​®σreinsurance programs re'↓<​mained stable and property p×↑∏er risk pricing was driven by individual programε₽ performance, the Willis report said.Al©σ&₩though some Lloyd’s of Lo♥γ₽​ndon syndicates took firm positions on rate iβλncreases and the London market  ↕authorized capacity decreased, that ‌₽capactiy was replaced ₹₩☆by new capital and a strong supply fr‍>✔∞om other markets, Willis Re said.U.S. loss-freeש accounts renewed at flat to up ‌®★←10% while those with•γΩ losses saw increases of 1&©Ω0% to 50%, the Willis Re repo↕γ→rt said, which was aε£♦§mong the largest increases↑λ≥☆. Property catastrophe accδ​ ₩ounts without losses renewed at flat to up 5♥ %, while loss hit accounts were up 10% ₹®to 20%, Willis Re said.Accor& ₩∑ding to the Guy Carpenter report, the bro₽¶≤kerage’s global property catastrophe rate ÷ε×∞on line index rose 5% in 2019.According to the W‌±illis Re report, other lar←®§ge increases were seen in Central and Eastern ↓σ®Europe, where property programs with los✔✔‍♥ses saw increases of 5% to 20%, ♥ γand Canada, where such accountγ≠÷s renewed up 10% to 40%.Most o≤↓ther regions and countries saw property i©↔>←ncreases in the single or low do​↕uble digits, the repo←"σδrt said.The Jan. 1 re≈≠§newals saw some “difficult” negotiat'α✔ions, according to a letter in the report ↑↔≥¥from James Kent, global ₹☆CEO, Willis Re.The Guy Carpenter report said thσ↔e reinsurance market was “asymmetric§‌al,” adding “this is cerε≤☆βtainly not a one-size-fits-all mπ>≤•arket” and while overall capacit♣•y remained adequate, “allocated capacity tigh≈∏§tened notably in stressed classes.”Dedica±↔✘φted reinsurance capital rose 2% in 2019 and tφ☆✔₩he year saw approximaπ® ♠tely $60 billion in global insured catastrophe π≥losses, according to G ≈✘uy Carpenter, which was sigπ&λnificantly lower than 2017 and 2018.± Alternative capital, however,<✘∏♥ contracted by approximately 7% percent “as inve↓εstors were more cautious with n¶'ew investments after assessing market ←¥¥dynamics and pricing adeqλ÷₩uacy,” Guy Carpenter said.The retrocession marke®<★t “was challenged … by★≠∏ε trapped capital, a lack of new<↓σ∏ capital and continued redemptions from third-par±®ty capital providers,” a statement issued w∏ ith the Guy Carpenter report sai λd.However, significant retr≥₹→ocession providers returned to the market in thΩ☆ ∑e past two weeks, Willis Re said.Organizer：Chin←∏‌a Insurance Digital & ∏α≤←AI Development 2020Web:http://en.zense>‌•≈egroup.com/p/560573/Contact:Ann 021-≠✘↓®65650305