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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 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

Peter Askew named President & CEO of Guy Carpenter in Canada

5th August 2020

Reinsurance broker Guy Carpenter has named Peter Askew as President and Chief Executive Officer (CEO) of its Canadian business, effective immediately. Askew succeeds Donald Callahan, who has stepped down from the role in Canada after two decades, and will continue to support Askew. Callahan will remain with the reinsurance broker in ... Read the full article

Guy Carpenter promotes Mayer, Mowery & Crichton to Exec Committee

3rd August 2020

Reinsurance broker Guy Carpenter has named three new members of its Executive Committee, as Neil Mayer, Lara Mowery and John Crichton are all added to the senior leadership group. The company said the move is aligned with its "ongoing commitment to deliver differentiated value and experience to its clients." The Executive Committee ... Read the full article

Guy Carpenter results offset revenue dip for MMC

30th July 2020

Guy Carpenter reported a 10% increase in its revenue during the second quarter of 2020, helping to offset an overall dip in revenue for its parent company, Marsh & McLennan Companies, Inc. (MMC). The reinsurance broking arm of MMC posted revenue of $433 million for Q2 2020, compared with $392 million ... Read the full article

Guy Carpenter adds Andrea Piatti to GRS unit as Managing Director

28th July 2020

Guy Carpenter, the reinsurance arm of global brokerage Marsh, has appointed Andrea Piatti as a Managing Director within its Global Risk Solutions unit. Piatti will be based in Zurich and work closely with Guy Carpenter’s broking and analytics teams across the Europe and MENA region. He will report to Frank Achtert, Head of Strategic ... Read the full article

Guy Carpenter adds three to restructured Fac division

20th July 2020

Guy Carpenter, the reinsurance arm of global brokerage Marsh, has added three senior appointments within its GC Fac division as part of a wider realignment process. The company hopes to ensure the delivery of client-centric solutions by structuring product teams around geographic regions. Stephen Wilkins has been appointed Head of UK Property, while Paul Hargis ... Read the full article

Guy Carpenter launches new Fac unit; appoints WTW’s Upton as lead

16th July 2020

Guy Carpenter, the reinsurance arm of global brokerage Marsh, has announced the launch of Hybrid Solutions UK, a new facultative operation that will be led by Laurence Upton. The new Hybrid Solutions UK team becomes part of GC Fac, and will focus on developing semi-automatic facultative solutions that sit between traditional ... Read the full article

Henry Lawrence named as a Managing Director of GC Fac UK

13th July 2020

Guy Carpenter, the global reinsurance arm of brokerage Marsh, has announced the appointment of Henry Lawrence as a Managing Director of GC Fac UK, effective August 17th. In this newly created role, Lawrence will be responsible for the U.S. region at GC Fac UK. The reinsurance broker explains that this new ... Read the full article

COVID-19 set to rank among sector’s most expensive events: Guy Carpenter

29th June 2020

Although considerable uncertainty remains over its ultimate cost, Guy Carpenter believes COVID-19 is set to rank among the sector’s most expensive events. The pandemic has the potential to bring unknown loss impacts and is also likely to be one of the slowest developing catastrophes that carriers have ever encountered, likely creating ... Read the full article

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