Reinsurance News
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 announces launch of next gen of GC AdvantagePoint
8th September 2023
The reinsurance specialist segment of Marsh McLennan, Guy Carpenter, has announced the launch of the next generation of its catastrophe analytics platform, GC AdvantagePoint®. The updated platform features new technology to improve the performance and efficiency of underwriting and catastrophe management workflows for its clients. The enhancement includes key new modules of ... Read the full article
Retention expectations broadly still hold true for reinsurers: Mowery, Guy Carpenter
6th September 2023
In a recent Q&A session at the Guy Carpenter media briefing titled "A New Cadence," Lara Mowery, Global Head of Distribution, shed light on the evolving landscape of the reinsurance industry, specifically highlighting how retention expectations continue to hold true for reinsurers. “So, as we're starting to see capacity rebounding in ... Read the full article
Demand for reinsurance to grow ahead of Jan 1, cat rates broadly adequate: Guy Carpenter
6th September 2023
Guy Carpenter executives expect demand for reinsurance protection to grow heading into the January 2024 renewals, while the reinsurance broker also feels that catastrophe rates are broadly adequate after significant adjustments in 2023. During its recently held virtual pre-Monte Carlo media briefing, executives and leaders from Guy Carpenter discussed current reinsurance ... Read the full article
Guy Carpenter appoints Julian Enoizi as CEO of Guy Carpenter Europe
5th September 2023
Guy Carpenter, the leading global risk and reinsurance specialist and business of Marsh McLennan, has hired Julian Enoizi as CEO of Guy Carpenter Europe, effective immediately. In his new role, Enoizi will be based in Europe, and he will report to Laurent Rousseau, CEO of Guy Carpenter Europe, Middle East and ... Read the full article
Guy Carpenter estimates industry loss of between $4bn and $6bn from Hawaii wildfire
29th August 2023
Reinsurance broker Guy Carpenter has estimated that the Lahaina wildfire will result in an insured loss of between $4 billion and $6 billion, making it the second costliest disaster in Hawaii's history since Hurricane Iniki in 1992. The devastating wildfire caused 115 fatalities and over 1,000 people are still missing, making ... Read the full article
Reinsurance market experiences substantial rate increases amid instability and inflation: MMC
24th July 2023
In the midst of continued geopolitical instability and persistent inflation, the reinsurance market has witnessed significant rate increases, as highlighted by insurance and reinsurance broker Marsh McLennan (MMC) in its Q2 2023 earnings call. The global insurance brokerage and consulting firm highlighted the challenging reinsurance market conditions that were evident during ... Read the full article
Guy Carpenter revenue up 11% to $576 million in Q2
20th July 2023
Guy Carpenter, a leading global risk and reinsurance specialist and a business of Marsh McLennan, has reported total revenue in Q2 of 2023 was $576 million, marking an increase of 11% on an underlying basis. Marsh McLennan's wider Risk & Insurance Services revenue was $3.7 billion in Q2 of 2023, an ... Read the full article
Improved timing & concurrence at mid-year renewals: Guy Carpenter
5th July 2023
Broader market trends seen at January 1 continued at mid-year renewals, but with improved timing and concurrence around terms and conditions, according to Guy Carpenter, a leading global risk and reinsurance specialist and a business of Marsh McLennan. Guy Carpenter suggested that while property pricing saw continued risk-adjusted rate increases in ... Read the full article
Guy Carpenter completes acquisition of Israel reinsurance broker Re Solutions
3rd July 2023
Guy Carpenter, a leading global risk and reinsurance specialist and a business of Marsh McLennan, has completed its previously announced acquisition of Re Solutions, now Guy Carpenter Israel. Asaf Grinstein, formerly CEO of Re Solutions, has been named CEO at Guy Carpenter Israel. According to the firm, Guy Carpenter Israel is ... Read the full article
Guy Carpenter appoints Les Loh as the CEO of Southeast Asia & Korea
3rd July 2023
Les Loh has been appointed as the CEO of Southeast Asia & Korea by Guy Carpenter. The role will be based out of Singapore. Loh’s remit in this position will include leading a talented and motivated team with trust and supporting them in fulfilling the client's and partners’ needs. Loh joined Guy ... Read the full article
Revenue among the key drivers of cyber model divergence: Guy Carpenter
30th June 2023
There is a notable degree of variability across cyber catastrophe vendor model outputs, according to a recent study which revealed a number of parameters driving discrepancies, including revenue, industry sector classification and differing treatment of specific coverages. Guy Carpenter’s report, titled Under the Lens: Investigating Cyber Vendor Model Divergence, investigates the ... Read the full article
Darr becomes Guy Carpenter new Global Head of Peril Advisory
26th June 2023
Josh Darr has been named Managing Director, Global Head of Peril Advisory at Guy Carpenter, the global risk and reinsurance specialist and a business of Marsh McLennan. Darr was appointed to his new role following over three years as Managing Director, Head of North America Peril Advisory at Guy Carpenter. He joined ... Read the full article
Guy Carpenter hires Howden’s Vincenzo Cacia as CEO of Italy
20th June 2023
Guy Carpenter, the global risk and reinsurance specialist and a business of Marsh McLennan, has announced the appointment of Vincenzo Cacia as its next CEO of Italy. The company has also announced key appointments in Italy to further strengthen its position in the region. Cacia will be based in Milan, and ... Read the full article
Guy Carpenter strengthens its cyber team with various senior appointments
13th June 2023
Guy Carpenter, the global risk and reinsurance specialist and a business of Marsh McLennan, has announced the expansion of its Cyber team with a series of appointments and promotions. Matthew McCabe has been appointed as the Managing Director of Cyber Broking, based in New York. McCabe’s remits go beyond reinsurance structure ... Read the full article
Guy Carpenter confirms Warwick’s hire as Head of GC Access Asia Pacific
9th June 2023
Reinsurance broker Guy Carpenter has confirmed Steve Warwick's hire as Head of GC Access Asia Pacific. We previously reported Warwick's appointment earlier this month. GC Access is the firm's MGA Solutions Specialty Practice, working with expertise, analytical capabilities, global reach and a broad network of re/insurance relationships to efficiently match MGAs ... Read the full article
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