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Reinsurance News

Guy Carpenter

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

Shift in risk curve inevitable, mitigation vital: Mowery, Guy Carpenter

11th October 2019

There are things that governments, insurers, reinsurers and policyholders can do to significantly mitigate losses as the risk curve continues to shift, according to Lara Mowery, Head of Global Property Practice at reinsurance broker Guy Carpenter. Speaking during a panel session yesterday at the ILS Bermuda Convergence 2019 conference, Mowery underlined ... Read the full article

Guy Carpenter names Guerriero Interim Head of International Fac

7th October 2019

Reinsurance broker Guy Carpenter has announced the appointment of Frank Guerriero as Interim Head of International Facultative Operations. Guerriero succeeds Paul Summers who has left the firm to pursue other opportunities. In his new role, he will report to Chief Executive Officer (CEO), International, Guy Carpenter, James Nash. Guerriero has been with ... Read the full article

Reinsurers remain “strongly positioned” in shifting risk landscape: Guy Carpenter

2nd October 2019

The reinsurance market remains “strongly positioned” to support insurers even as the risk landscape continues to undergo rapid change, according to a new report from Guy Carpenter, the reinsurance arm of Marsh. Guy Carpenter observed that the risks at the top of re/insurers’ agendas have shifted from largely economic concerns 10 ... Read the full article

Time to challenge the traditional life reinsurance paradigm, says GC’s David Rains

13th September 2019

David Rains, Managing Director at Guy Carpenter (GC), has argued that "the time has come to challenge the traditional life reinsurance paradigm" and elevate solutions for volatility management to the enterprise level. According to Rains, purchasing reinsurance protection at the corporate level could avoid the issue of overpaying for unneeded risk ... Read the full article

Digital success requires both tech partnerships & internal agendas: GC’s Steven Jones

11th September 2019

Success in the increasingly digitalised re/insurance industry will require companies to focus equally on collaboration with insurtech firms and on improving internal transformation agendas, according to Steven Jones, Global InsurTech Client Services Lead at Guy Carpenter. Jones argued that technology in the re/insurance industry is advancing at an ever-increasing pace, with ... Read the full article

Knowledge of wildfire risk vital in developing a proper underwriting strategy: Guy Carpenter

10th September 2019

Losses from wildfire events have increased significantly over the past couple of years, and as a result, it’s important that insurers and reinsurers have solid understanding of the exposure in order to maintain a sound underwriting strategy, says Managing Director, Guy Carpenter, Robert Reader. Underpinned by the devastating impacts of the ... Read the full article

Tech, analytics can address terror, political violence risk challenges: Guy Carpenter

10th September 2019

Guy Carpenter, the reinsurance arm of Marsh, has underlined the important role technology and analytics play in addressing challenges across the terrorism risk landscape. The reinsurance broker argues that terrorism, political violence and other malicious acts are both dynamic and adaptive, with human intent driving profitability while also willing the impacts ... Read the full article

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