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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.

Uncertainty diminishing ahead of “complex” 1/1 renewals: GC

30th November 2020

Guy Carpenter (GC), the reinsurance arm of global brokerage Marsh, has warned that the upcoming January 2021 renewals will be uniquely “complex” due to the manifold challenges in the market this year. However, the broker added that re/insurers seem “ready to respond” to these complexities, and noted that some areas of ... Read the full article

We need to learn to adapt, says Flood Re’s Andy Board

30th November 2020

Andy Bord, Chief Executive Officer of Flood Re, the UK government backed flood insurer, has called for a review on how policies and flood models are managed. He believes that a more all-encompassing approach to flood risk management will become more effective flood defences and into the wider built environment. Controlling flood ... Read the full article

Guy Carpenter launches new Vietnam flood model

10th November 2020

Guy Carpenter, the reinsurance arm of global brokerage Marsh, has announced the launch of its new flood model for Vietnam. The probabilistic model will provide full national coverage and help re/insurers to assess their exposure to floods – a peril that affects 70% of the population in Vietnam. The Guy Carpenter Vietnam ... Read the full article

Guy Carpenter launches new Marine & Energy division

2nd November 2020

Guy Carpenter, the reinsurance arm of global brokerage Marsh, has announced the launch of a new Marine & Energy mutual, agency and captive reinsurance solutions practice. The practice, which forms part of Guy Carpenter’s Global Marine & Energy Specialty group, will be led by Managing Director Demian Smith. Guy Carpenter’s aim is ... Read the full article

MMC’s Q3 operating income up 15%

29th October 2020

Marsh & McLennan Companies, Inc. (MMC), a global insurance and reinsurance brokerage, has announced consolidated revenue of $4 billion for the third-quarter of 2020, while underlying revenue fell by 1% when compared to the same period in 2019. Operating income spiked to $540 million from $467 million in the prior year ... Read the full article

Guy Carpenter targets program market with launch of GC Access

14th October 2020

Guy Carpenter, the reinsurance arm of global brokerage Marsh, has announced the launch of GC Access (SM), a new business unit designed to provide dedicated MGA program business solutions. The new business division offers a range of services to MGAs and carriers operating within the program market, including carrier and reinsurance ... Read the full article

Guy Carpenter adds Hartshorn as Chief Human Resources Officer

6th October 2020

Reinsurance broker Guy Carpenter has announced the appointment of Melissa Hartshorn as Chief Human Resources Officer. Hartshorn most recently served as interim Chief Human Resources Officer at Guy Carpenter, and prior to this was HR Leader for the company’s Global Operations and Global Strategic Advisory divisions. She joined parent company MMC in ... Read the full article

Guy Carpenter adds Aon’s Paul Miller to bolster property cat value proposition

28th September 2020

Guy Carpenter, the reinsurance arm of global brokerage Marsh, has appointed Aon's Paul Miller to lead its Property Catastrophe value proposition for UK, Global Specialties and key global clients. Effective September 2021, Miller takes on responsibility for ensuring the delivery of best-in-class solutions to clients and prospects working across the reinsurance ... Read the full article

Guy Carpenter partners with insurtech RiskGenius on silent cyber risk

17th September 2020

Guy Carpenter, the reinsurance arm of global broker Marsh, has established a partnership with insurtech RiskGenius to help evaluate potential silent cyber exposure. The partnership will provide clients with a means of assessing their silent cyber exposure at scale, while generating risk insights designed to support a greater understanding of silent ... Read the full article

BI uncertainty will not be resolved by Jan 1: GC’s Lara Mowery

11th September 2020

Lara Mowery, Global Head of Distribution at reinsurance broker Guy Carpenter (GC), has argued that the upcoming January 1 renewals are likely to be complicated by continued uncertainty about the scale of business interruption losses stemming from the COVID-19 pandemic. Speaking as part of a press briefing in which GC executives ... Read the full article

Marsh’s Dean Klisura named President of Guy Carpenter

10th September 2020

Guy Carpenter, the reinsurance arm of global brokerage Marsh, has appointed Dean Klisura as its new President, effective October 1st, 2020. Klisura will report to Guy Carpenter's Chief Executive Officer (CEO), Peter Hearn, and will continue to be based in New York. In this newly-created role, he takes responsibility for Guy Carpenter's ... Read the full article

Guy Carpenter launches Indonesia Flood Model

9th September 2020

Global risk management and reinsurance brokerage, Guy Carpenter, has announced the launch of its new Indonesia Flood Model (IFM). The IFM will be able to provide its users with countrywide coverage and will enable insurers to assess their flood exposure. The data used is based on a 10,000-year stochastic catalogue simulating ... Read the full article

Reinsurance capital resilient in H1, finds report

26th August 2020

New estimates from Guy Carpenter and AM Best show that total dedicated reinsurance capital was resilient at the end of the first half of 2020, increasing by 1% overall from year-end 2019. Guy Carpenter and AM Best noted that a recovery in the financial markets and asset valuations during Q2 helped ... Read the full article

Guy Carpenter names Willis Re’s Livingston as Global Head of Sales

20th August 2020

Guy Carpenter, the reinsurance arm of global brokerage Marsh, has named Jeffrey Livingston as Global Head of Sales, effective September 1st, 2020, reporting to Peter Hearn, President and Chief Executive Officer (CEO), Guy Carpenter. In this newly established position, Livingston takes responsibility for leading all of the reinsurance broker's sales activities, ... Read the full article

Guy Carpenter puts insured Beirut port losses at $250mn

10th August 2020

Reinsurance broker Guy Carpenter has estimated that the insured bill for combined hull, cargo and port facility losses from the recent Beirut explosion should be within $250 million. The estimate comes after the Governor of Beirut said that the economic impacts of the blast would be in the region of ... Read the full article

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