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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.

Aviation reinsurance market unaffected by COVID at renewals: GC

10th January 2022

Analysts at Guy Carpenter have reported that the general aviation and aerospace markets remained “relatively unaffected” by COVID-19 at the January 1, 2022 renewal period. After two years of increases in these markets, the broker reported that reinsurers priced as before or slightly higher (up 2.5%) as an average across programs ... Read the full article

Guy Carpenter Bermuda promotes Jenni Estis to Managing Director

7th January 2022

Reinsurance broker Guy Carpenter Bermuda, part of Marsh McLennan, has promoted Jenni Estis to Managing Director. Having joined Guy Carpenter in 2002, Estis has previously worked in the Guy Carpenter London office as well as on the North American wholesale team. Her broking responsibility includes servicing retrocessional clients and placing property business ... Read the full article

Material variances, but property retro prices rise at Jan renewals: GC

7th January 2022

With 2021 being affected by catastrophe events, property retrocession renewals experienced price increases in both aggregate and occurrence products at 1/1, according to reinsurance broker Guy Carpenter. As expected, the largest changes were in loss-affected accounts as well as low-lying aggregate placements following reductions in available capacity, says Guy Carpenter. The broker ... Read the full article

Price increases top 30% on some loss-impacted lines at 1/1: GC

5th January 2022

Analysts at Guy Carpenter have observed reinsurance pricing increases of over 30% on some loss-impacted business at the crucial January renewal period. The broker’s Global Property Catastrophe Rate-on-Line Index increased 10.8% year-on-year, and found that structure adjustments, particularly on retentions, were more prevalent in heavier loss-impacted sectors. While pricing exhibited a wide ... Read the full article

Positive casualty rate movement factored heavily into renewal outcomes: Guy Carpenter

5th January 2022

Continued positive underlying rate movement across casualty lines factored heavily into renewal outcomes, as prospective loss ratios showed continued improvement, according to Guy Carpenter in a new report. The global broking firm believes that the improvements have driven quota-share ceding commission increases, ranging from flat to up 1.5 points for excess ... Read the full article

Total reinsurance capital up almost 3% to $534bn in 2021: Guy Carpenter

4th January 2022

Total dedicated reinsurance capital increased by 2.8% from the end of 2020 to end 2021 at $534 billion, driven by growth in both traditional and alternative capital, according to reinsurance broker Guy Carpenter and ratings agency, AM. Best. The almost 3% growth in dedicated reinsurance capital from the $519 billion reported ... Read the full article

January renewals reflect “healthy but bifurcated” reinsurance market: Guy Carpenter

3rd January 2022

The January 1st 2022 reinsurance renewal season saw conditions that reflect a "healthy but bifurcated" reinsurance market, according to global broking firm Guy Carpenter. The reinsurance market is evolving, Guy Carpenter says, evidenced by reinsurers adjusting their risk appetites and pricing thresholds for certain sectors, as they respond to ongoing and ... Read the full article

Guy Carpenter to combine UK & Europe fac operations

24th December 2021

Reinsurance broker Guy Carpenter has announced plans to combine its Continental European and UK facultative operations into a single division, which will be led by Nicola Fraccalvieri. Effective 1 January 2022, this consolidated structure will bring together Guy Carpenter's London Europe Property and Casualty business and Continental Europe Facultative teams under ... Read the full article

Marcela Mazzocchetti named CEO, Carpenter Marsh Fac, Miami

24th December 2021

Marcela Mazzocchetti, Head of Broking, Bowring Marsh Miami, has been appointed as Chief Executive Officer (CEO) of Carpenter Marsh Fac, Miami. Mazzocchetti has been with the global insurance and reinsurance broker for more than 19 years, having joined in August 2002 as a reinsurance broker. She was later named Sales Leader LAC, ... Read the full article

Guy Carpenter hires Swiss Re’s Modugno as MD Continental Europe Fac

21st December 2021

Reinsurance broker Guy Carpenter has announced the appointment of Vito Modugno, formerly of Swiss Re, as Managing Director of its Continental Europe Facultative practice. Modugno joins the Guy Carpenter after more than 13 years with reinsurance giant Swiss Re, where he most recently served as Lead of P&C Facultative Solutions EMEA. During ... Read the full article

Industry braced for $5bn+ US tornado bill, survey data suggests

16th December 2021

An approach of over 1,000 re/insurance industry participants has found an expectation for costs to run above $5 billion after multiple US states were swarmed unexpectedly by tornados. 53% of respondents to our survey said the industry should expect a bill higher than $5 billion, with 37% predicting a ... Read the full article

Guy Carpenter hires Isaac Sanday from WTW as Head of UK&I Life

8th December 2021

Guy Carpenter, the reinsurance broking division of Marsh McLennan, has named Isaac Sanday, previously of Willis Towers Watson (WTW), as Head of UK & Ireland Life, effective January 2022. In his new role, Sanday takes on responsibility for leading production and client delivery for the UK & Ireland, with a focus ... Read the full article

Guy Carpenter and Marsh to combine South Africa operations

23rd November 2021

Guy Carpenter and Marsh, both businesses of Marsh McLennan (MMC), have announced that they will combine their South Africa facultative reinsurance operations into a single business from January next year. The new unit will operate under the Guy Carpenter brand as it’s part of the company’s strategy to expand its presence ... Read the full article

Dean Klisura named Guy Carpenter CEO amid major MMC leadership re-shuffle

18th November 2021

Dean Klisura, currently the president of Guy Carpenter, has been appointed to lead the company as Chief Executive Officer, a role that will be taken up alongside his current duties. This appointment comes amid a broader shake up of the Marsh McLennan group's leadership, one that includes Marsh CEO and president ... Read the full article

TWIA may drop broker GC in favour of Willis Re, with Aon preferred for modelling services

3rd November 2021

The Texas Windstorm Insurance Association (TWIA) looks set to pivot towards Willis Re for​​ its reinsurance broking needs following a meeting of its actuarial & underwriting committee. This switch would see TWIA terminate its current broking relationship with broking rival Guy Carpenter. The committee, which is reported to have considered Guy Carpenter ... Read the full article

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