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’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

Tightening cat market could be a tailwind for Guy Carpenter: Dean Klisura

20th October 2022

The impact of Hurricane Ian on an already stressed property market is expected to be significant and contribute to a much more challenging 1/1 renewals, but further tightening in the catastrophe space could be a tailwind for reinsurance broker Guy Carpenter, according to executives. Earlier today, Marsh McLennan (MMC) reported ... Read the full article

Guy Carpenter’s Q3 revenue up 7% as Marsh McLennan reports solid set of results

20th October 2022

Global brokerage Marsh McLennan (MMC) has reported a solid set of results for the third quarter of 2022, supported by underlying revenue growth of 7% at its reinsurance arm, Guy Carpenter. Across the business, MMC's consolidated revenue in Q3 2022 increased by 4%, or 8% on an underlying basis to $4.8 ... Read the full article

Guy Carpenter expands delegated authority capabilities, adds new hires

19th October 2022

Reinsurance broker, Guy Carpenter has announced it has expanded its capabilities in the delegated authority arena. It is welcoming three new members to its GC Access team and forming a new collaboration with Guy Carpenter’s Ratings Advisory Service. Bryan Willingham joins as Managing Director and Co-Head of the Southwest Region. He ... Read the full article

Guy Carpenter goes into partnership with analytics firm TNEDICCA

27th September 2022

Guy Carpenter has entered an agreement with analytics firm TNEDICCA that will enable the former to deliver enhanced auto analytics to its insurance carrier clients. Under the deal, Guy Carpenter said it will use TNEDICCA’s location risk products for its US personal and commercial auto marketplace. Access to this key data ... Read the full article

Major hurricane Ian heads for Cuba with Tampa Bay landfall a possibility

27th September 2022

Hurricane Ian has now reached major Category 3 status with 125 mph sustained winds, and with a shift further east in the NHC's forecast cone overnight, the storm is set to pass very close to the Tampa Bay area, or even come ashore with a landfall. The NHC warned previously of ... Read the full article

Guy Carpenter appoints AXIS Re’s Les Loh as Chief Executive of Southeast Asia & Korea

20th September 2022

Reinsurance broker Guy Carpenter has appointed AXIS Re’s Les Loh as deputy chief executive of Southeast Asia and Korea. Loh will join Guy Carpenter in October and will continue to be based in Singapore. He will also report to Bengt Johnsen - CEO of Southeast Asia and Korea at Guy Carpenter. Within this ... Read the full article

GC confident industry ‘will come together’ despite property cat retreat: Lara Mowery

8th September 2022

Demand for property reinsurance protection is expected to increase in 2023 at multiples of recent years, but despite numerous reinsurers announcing some form of retreat from the property catastrophe space, Guy Carpenter is confident the market will find a way to provide solutions. Speaking yesterday during a media briefing held by ... Read the full article

Reinsurance environment is “truly changing”: GC’s David Priebe

7th September 2022

David Priebe, Chairman of reinsurance broker Guy Carpenter, has asserted that the reinsurance industry is “truly changing” in response to the multitude of challenges it has faced this year. Currently speaking as part of an ongoing virtual media briefing on ‘Materializing Possibilities’, the GC Chairman stressed that the reinsurance industry must ... Read the full article

US property cat reinsurance rates up by 15% in 2022: Guy Carpenter

25th July 2022

So far this year, property catastrophe reinsurance rates-on-line in the U.S. have risen by almost 15%, representing the largest increase in the Guy Carpenter U.S. Property Catastrophe Rate on Line Index since 2006. Reinsurance broker Guy Carpenter's index is a proprietary index of U.S. property catastrophe reinsurance rate-on-line movements, so ... Read the full article