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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.

Guy Carpenter unveils APAC Catastrophe Advisory Group

7th May 2021

Guy Carpenter, the reinsurance broking arm of Marsh McLennan, has named Jeremy Waite as the lead of its newly launched Asia Pacific Catastrophe Advisory Group. The new advisory group is dedicated to the Asia Pacific region and will offer clients direct access to the broker's extensive catastrophe expertise and capabilities, which ... Read the full article

Capacity is adequate, demand is high: GC’s Peter Hearn

5th May 2021

Peter Hearn, Chief Executive Officer of reinsurance broker Guy Carpenter (GC), has maintained that, despite some moderation in pricing over Q1, reinsurance market capacity remains adequate, and demand is high. The Guy Carpenter global property catastrophe rate online index increased just under 5% at the January 1 reinsurance renewals. And similarly, for ... Read the full article

We have to separate Florida from rest of portfolio: Guy Carp CEO Hearn

29th April 2021

Speaking during the Marsh McLennan first-quarter 2021 earnings call, CEO of reinsurance broking arm Guy Carpenter, Peter Hearn commented that at the upcoming mid-year reinsurance renewals, Florida will have to be separated from other business. Hearn said: “We have to separate Florida from the rest of our portfolio because it’s a ... Read the full article

“Disruption” from Aon – WTW merger an MMC growth driver, CEO Glaser suggests

27th April 2021

Global insurance brokerage Marsh McLennan may already be benefiting from new hires and clients gained as a result of the still impending Aon and Willis Towers Watson (WTW) merger, CEO Dan Glaser suggested today. During the Marsh McLennan (MMC) first-quarter 2021 earnings call that finished just recently, CEO Dan Glaser discussed ... Read the full article

Guy Carpenter’s revenue up 7% as Marsh reports ‘outstanding’ first quarter

27th April 2021

Global insurance brokerage Marsh McLennan has reported consolidated revenue of $5.1 billion for the first quarter of 2021, supported by solid revenue growth at its reinsurance broking arm, Guy Carpenter. Consolidated revenue increased 9%, or 6% on an underlying basis from the prior year quarter, as operating income jumped, year-on-year, from ... Read the full article

GC notes shift towards non-proportional capacity for Korean market at 4/1

22nd April 2021

Guy Carpenter analysts have noted a clear movement of capital during the April 1 reinsurance renewals in Korea, with capacity shifting from proportional to non-proportional and from risk to event. Prior to the April 1 reinsurance renewals in Korea, expectations for pricing increases were reportedly quite high. While Korea had not experienced ... Read the full article

Christophe Gaudron named CEO of Guy Carpenter France

22nd April 2021

Guy Carpenter, the reinsurance broking arm of Marsh McLennan, has announced the appointment of Christophe Gaudron as Chief Executive Officer (CEO) of its French operations, effective January 1st, 2022. As CEO of Guy Carpenter France, Gaudron will be responsible for overseeing broking activities across the French marketplace. Based in Paris, he ... Read the full article

Guy Carpenter names Cordonnier & Davis as Global Co-Heads of Cyber

19th April 2021

Guy Carpenter, the reinsurance broking arm of Marsh McLennan, has named Anthony Cordonnier as Managing Director and Global Co-Head of Cyber, and promoted Erica Davis to Global Co-Head of Cyber. Cordonnier and Davis are expected to work in close collaboration in order to co-lead the reinsurance broker's cyber team to leverage ... Read the full article

Property cat rates up again at April 1 but increases fading: Guy Carpenter

15th April 2021

Property catastrophe pricing increased for the third year running at the April 1st, 2021 reinsurance renewals, while discussions about coverage were dominated by communicable disease and cyber, according to Guy Carpenter (GC), the reinsurance broking arm of Marsh. Despite the positive momentum continuing at April 1st, GC notes that the average ... Read the full article

Guy Carpenter names Sebastian Cook MD and Head of London Europe

1st April 2021

Guy Carpenter, the reinsurance broking arm of Marsh McLennan, has announced the appointment of Aon's Sebastian Cook as Managing Director and Head of London Europe, effective immediately. In his new role, Cook will lead the London-based teams focusing on European business and the newly formed European Broking Solutions Team, focused on ... Read the full article

Guy Carpenter appoints Owen & Ahmad to lead APAC Capital Advisory Group

30th March 2021

Guy Carpenter, the reinsurance broking arm of Marsh McLennan, has launched a new Capital Advisory Group in Asia Pacific, and has appointed Michael Owen and Hussain Ahmad to lead the business. The broker's new Asia Pacific Capital Advisory Group provides clients with industry-leading capabilities designed to help make informed business decisions, ... Read the full article

Major re/insurance players commit $2mn to Oasis Loss Modelling Framework

23rd March 2021

A number of the world’s biggest players in re/insurance have committed additional funds to support the development of open source catastrophe modelling platform Oasis. Companies include Aon, Allianz, AXA, Chubb, Guy Carpenter, Hannover Re, Lloyd’s, RenaissanceRe, Swiss Re, SCOR, Willis Re and the Insurance Development Forum. The supporting international re/insurers and brokers ... Read the full article

COVID “occurrence” ruling could confuse reinsurance response: GC

3rd March 2021

Analysts at Guy Carpenter (GC) have argued that the definition of a COVID “occurrence” under the recent ruling by the UK Supreme Court could “confuse the conversation around reinsurance responses to COVID losses.” In January, the legal verdict on the FCA’s pandemic business interruption (BI) test case was that some forms ... Read the full article

Aon secures ARPC account from Guy Carpenter

17th February 2021

The Australian Reinsurance Pool Corporation (ARPC), Australia's government-led terrorism reinsurance agency, has named Aon as its reinsurance broker. The new agreement see’s Aon beat rival Guy Carpenter to the contract. Guy Carpenter had previously served the role. Mike Pennell PSM, ARPC’s Chief Underwriting Officer will oversee the transition-in and commencement of broking ... Read the full article

Lloyd’s report highlights risk of cyber-attacks on the industrial sector

16th February 2021

Lloyd’s has partnered with cyber analytics specialist CyberCube and reinsurance broker Guy Carpenter on a new report examining the increasing risk posed by ‘Internet of Things’ devices to industrial and manufacturing businesses. The three firms conducted an analysis detailing scenarios which represent the most plausible routes by which a cyber-attack against ... Read the full article

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