Reinsurance News

Guy Carpenter news

News on Guy Carpenter, one of the world’s leading reinsurance brokers and part of the Marsh & McLennan group of companies.

News on Guy Carpenter’s activities in reinsurance and insurance-linked securities markets, as a broker, originator, adviser and structurer of reinsurance risk transfer transactions.

Guy Carpenter makes multiple senior appointments for Europe

22nd May 2023

Guy Carpenter, a global risk and reinsurance specialist and a subsidiary of Marsh McLennan, has announced the appointment of Anders Nises as CEO of the Nordics region. At the same time, Guy Carpenter has also announced the appointment of Lisa Ljunggren as Head of Analytics, Nordics, effective June 2023. The company ... Read the full article

Guy Carpenter’s Jaimie Hunter joins Lockton Re as Senior Broker in new Stamford location

2nd May 2023

Lockton Re, the reinsurance division of insurance broker Lockton has appointed Jaimie Hunter as a Senior Broker, where she will be based in the company's new Stamford, Connecticut location. In this new role, Hunter will support client development, with a particular focus across Lockton Re’s Casualty business in North America on ... Read the full article

Guy Carpenter’s underlying revenue up 10% in Q1 as MMC gets off to a strong start

20th April 2023

Global re/insurance broker Marsh McLennan (MMC) has today reported consolidated revenue across its operations of $5.9 billion for the first quarter of 2023, a rise of 9% on an underlying basis, supported by growth at its reinsurance broking arm, Guy Carpenter. Group-wide, revenue increased from the $5.6 billion reported a year ... Read the full article

Guy Carpenter India names Sheetal Munot as EVP, Treaty Reinsurance

6th April 2023

Sheetal Munot has been promoted to the role of Executive Vice President, Treaty Reinsurance at Guy Carpenter India. Munot is an insurance market veteran with over a decade’s worth of experience at Marsh India. In her new role as the Executive Vice President, she will be in charge of client servicing along ... Read the full article

Swiss Re & ICEYE provide parametric flood cover for NYC neighborhoods

7th March 2023

Guy Carpenter, Swiss Re Corporate Solutions, and ICEYE are set to provide technical assistance to the Centre for NYC Neighborhoods (CNYCN) on a new parametric product to protect high-flood-risk NYC neighborhoods. CNYCN has launched the new pilot project in partnership with the Mayor’s Office of Climate & Environmental Justice (MOCEJ), the ... Read the full article

Global property cat rates-on-line up 27.5% at Jan 1 renewals: Guy Carpenter

10th February 2023

Global property catastrophe reinsurance rates-on-line increased by 27.5% at the January 1st, 2023, renewals, more than double the uplift seen a year earlier, as sellers of protection achieved steep price rises on contracts. The Guy Carpenter Global Property Catastrophe Rate-On-Line Index leverages data sourced from real, brokered excess-of-loss reinsurance placements, ... Read the full article

European property cat rates-on-line increased 30% at January renewals: Guy Carpenter

7th February 2023

Data from global reinsurance broker Guy Carpenter shows that property catastrophe rates-on-line in Continental Europe increased by 30% at the January 1st, 2023, renewals, marking the largest single rise since 2001. This is according to Guy Carpenter's Continental Europe Property Catastrophe Rate-On-Line Index, which shows that the average rate-on-line for ... Read the full article

US property cat reinsurance rates-on-line up 30.1% at January renewals: Guy Carpenter

2nd February 2023

The Guy Carpenter U.S. Property Catastrophe Rate on Line Index increased by a significant 30.1% at the January 2023 reinsurance renewals, taking rates to an all-time high, according to the latest data from the global reinsurance broker. Guy Carpenter, which is Marsh McLennan's reinsurance broking arm, has been ... Read the full article

Reinsurers had the upper hand at January cat renewals: Guy Carpenter’s Klisura

30th January 2023

Dean Klisura, President and CEO of Guy Carpenter, the reinsurance arm of Marsh Mclennan, has suggested that reinsurers had the upper hand at the January cat renewals. The quote comes from Marsh McLennan's Q4 2022 earnings call, in which Klisura was questioned about changes in client behaviour at the renewals. He said, ... Read the full article

Guy Carpenter’s revenue up 8% during an ‘outstanding year’ for Marsh McLennan

26th January 2023

Insurance and reinsurance brokerage, Marsh McLennan, has today reported consolidated revenue of $5 billion for Q4 and $20.7 billion for the full-year 2022, supported by solid revenue growth at its reinsurance arm, Guy Carpenter. At $5 billion, consolidated revenue in the fourth quarter of 2022 actually declined by 2% when compared ... Read the full article

Reinsurers at crossroads after difficult Jan 1 renewals: Guy Carpenter

30th December 2022

The reinsurance sector now finds itself at a “crossroad,” according to analysts at Guy Carpenter, following one of the most challenging renewal periods ever experienced at January 1. In a report on the crucial renewal period, Guy Carpenter – a global risk and reinsurance specialist and a business of Marsh McLennan ... Read the full article

Innovative risk solutions key for climate-resilient economy transition, say experts

14th November 2022

Insurance and other risk transfer and financing mechanisms will become increasingly important in managing catastrophic risk as countries transition to more climate-resilient economies as Egypt considers a new NatCat pool, according to experts. At the “Adapting to a changing climate in the management of catastrophic risks in Egypt” conference on November ... Read the full article

Guy Carpenter announces MetaRisk Live launch

10th November 2022

Reinsurance broker Guy Carpenter has announced the launch of MetaRisk Live, a new tool to enable real-time reinsurance strategy optimization. With MetaRisk Live clients will be able to evaluate instantly the impact of changes to their reinsurance structure, creating a dynamic process that supports a better understanding of buying decisions. This tool ... Read the full article

Guy Carpenter working to bring new capacity to property cat market for 2023: Klisura

24th October 2022

The President and Chief Executive Officer (CEO) of reinsurance broker Guy Carpenter, Dean Klisura, said last week that the firm has been working for some time to bring additional capital and interest into the catastrophe market for next year. As we wrote previously, Guy Carpenter is really starting to see the ... Read the full article

Reinsurance demand continues to rise ahead of Jan renewals, say industry leaders

24th October 2022

Executives and leaders from across the insurance and reinsurance sectors are seeing strong demand for protection and have called on the industry to work to leverage its strengths in such a demanding marketplace. At the 2022 meeting of the reinsurance industry in Baden-Baden, senior industry leaders discussed how the insurance and ... Read the full article