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Reinsurance News

Guy Carpenter

AkinovA completes cyber parametric trade with Hiscox & GC

9th January 2020

AkinovA, the electronic marketplace for the transfer and trading of re/insurance risk, has completed its first cyber parametric instrument trade. Hiscox developed, structured and provided capital for this transaction, with Guy Carpenter (GC) acting as broker and PCS as the reporting agent. The deal was carried out electronically with regulatory oversight from ... Read the full article

Reserve deterioration a potential inflection point in 2020: GC’s Whitmore

8th January 2020

Ongoing challenges associated with reserve deterioration in the re/insurance industry represent a potential inflection point that demands close attention moving into 2020, according to Charles Whitmore, managing director at Guy Carpenter. Speaking at a lecture in Lloyd’s Old Library building, Whitmore described the issue as something spreading - accelerating, even - ... Read the full article

Jeff Saper promoted to CEO, Pacific at Guy Carpenter

6th January 2020

Reinsurance broker Guy Carpenter, part of Marsh & McLennan Companies, has named a new Chief Executive Officer (CEO) for the Pacific region, promoting Jeff Saper to the role. Saper is a long-time Guy Carpenter employee in the Australia and Pacific region, having joined the company in 1999 and working there for ... Read the full article

“Asymmetrical” renewal reflects ample capital supply: Guy Carpenter

3rd January 2020

Levels of available reinsurance capital continued to exceed demand at the January 1, 2020 renewals, according to analysts at Guy Carpenter, meaning rate increases only materialised in the most constrained areas of the market. The reinsurance broker said that the loss environment and shifting views of risk had been crucial factors ... Read the full article

Patrick Schepens to take over as CEO of the Benelux region, Guy Carpenter

24th December 2019

Global reinsurance broker Guy Carpenter has announced the appointment of Patrick Schepens as Chief Executive Officer (CEO) of the Benelux region, effective April 2020. In his new role, Schepens will be based in Brussels and will take responsibility for all of the company's activities in the Benelux region. At the same ... Read the full article

Carlos Rivera named CEO of Marsh’s LatAm Fac division

6th December 2019

Carpenter Marsh Fac, Marsh and Guy Carpenter's Latin American facultative reinsurance intermediary, has announced the appointment of Carlos Rivera as Chief Executive Officer (CEO), based in Bogota, Colombia. In his new role, Rivera will report to Dean Klisura, President, Global Placement and Advisory Services, Marsh and Ricardo Brockmann, CEO of Marsh ... Read the full article

Guy Carpenter & Victor target enhanced US public entity offering

5th December 2019

Guy Carpenter, the reinsurance broking arm of Marsh & McLennan, has announced that Victor US, which is the US business of affiliate Victor, is to offer Guy Carpenter clients who are members of US public entity insurance pools with a range of property and casualty (P&C) solutions not traditionally offered ... Read the full article

Consider parametric solutions for the more intangible losses: GC’s Franco

22nd November 2019

While parametric insurance solutions provide rapid payout post-event, offering welcomed transactional speed and transparency, risk transfer mechanisms that are structured this way might be best-suited to covering direct and well-defined physical damage, according to Guillermo Franco, Global Head of Cat Risk Research at reinsurance broker Guy Carpenter. Under a parametric insurance ... Read the full article

Aon’s Johnston & Komposch join Guy Carpenter, Bermuda

12th November 2019

Guy Carpenter, the reinsurance broking arm of Marsh & McLennan Companies, has appointed Robert Johnston as Chairman of its Bermuda operations, and Peter Komposch as Head of Casualty and Specialty, Bermuda. The appointments are effective immediately and both Johnston and Komposch join Guy Carpenter from rival brokerage Aon. Johnston brings almost two ... Read the full article

Michael Sevi named as Global Counsel for Guy Carpenter

6th November 2019

Marsh & McLennan has announced the appointment of Michael Sevi as General Counsel and Chief Compliance Officer of its reinsurance broking subsidiary, Guy Carpenter. Sevi will succeed Michael Borik, who has served as General Counsel of Guy Carpenter for the past four years. Going forward, Borik will move into a joint business ... Read the full article

Guy Carpenter results boost Marsh & McLennan growth in Q3

29th October 2019

Marsh & McLennan Companies, Inc. (MMC), has reported 13% revenue growth and 5% underlying revenue growth in the third quarter of 2019, supported by a strong performance from its reinsurance broking subsidiary, Guy Carpenter. Consolidated revenue came to $4.0 billion in Q3, an increase of 13% compared with the same period ... Read the full article

Market competition demands distinctive strategies: John Trace, Guy Carpenter

23rd October 2019

With competition and change still the defining factors in today’s market, re/insurers must carve out “distinctive strategies” to maximise their potential for success, according to John Trace, CEO, North America, at Guy Carpenter. Commenting of the broker’s annual review of property and casualty (P&C) results, Trace noted that new sources of ... Read the full article

TRIPRA uncertainty may impact re/insurance availability: Metropoulos, Guy Carpenter

21st October 2019

Uncertainty regarding the future of the US Terrorism Risk Insurance Protection and Reauthorization Act (TRIPRA) may impact the “nature and availability" of re/insurance coverage, according to Emil Metropoulos, Terrorism Center of Excellence Practice Leader at Guy Carpenter. Metropoulos does not foresee major resistance to a reauthorisation of TRIPRA, which is currently ... Read the full article

Reinsurance leaders reflect on Industry 4.0 readiness at Baden-Baden

21st October 2019

At a symposium hosted by reinsurance brokerage Guy Carpenter at this year’s Baden-Baden conference, senior re/insurance figures provided a range of insights into the industry’s readiness to adapt and harness the benefits inherent to the tech-driven Industry 4.0. With the needs of clients in constant flux and business efficiency and interconnectedness ... Read the full article

Guy Carpenter appoints Samengo-Turner as Global Facultative Leader

17th October 2019

Guy Carpenter, the reinsurance broking arm of Marsh & McLennan Companies, has announced the appointment of Dominic Samengo-Turner as Global Facultative Leader, while Simon Delchar takes over as Head of Marsh JLT Specialty, Asia. Samengo-Turner will relocate to London and will report to John Trace, Chief Executive Officer (CEO), North America, ... Read the full article

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