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.

AXA Liabilities Managers acquires Gothaer Re run-off portfolio

10th July 2018

AXA Liabilities Managers has acquired the reinsurance portfolio of Gothaer Group, which has been in run-off since Gothaer Re ceased trading in 2004. The deal was confirmed following approval by the German Federal Financial Supervisory Authority on June 26, with Guy Carpenter having supported Gothaer at all stages in the transaction process. Guy ... Read the full article

Guy Carpenter hires Shiv Kumar as Global Leader of capital markets unit

4th June 2018

Guy Carpenter & Company, the reinsurance broker and wholly owned subsidiary of Marsh & McLennan Companies, has hired Shiv Kumar as President and Global Leader of GC Securities, Capital Markets. Most recently, Kumar was Global Head of Insurance Structured Finance at Goldman, Sachs & Co., and brings over 23 years’ experience ... Read the full article

Guy Carpenter hires Richard Carver from Aon as non-marine MD

22nd May 2018

Reinsurance broker Guy Carpenter has announced the hire of Richard Carver as a Managing Director and Senior Broker in the firm’s UK non-marine broking division. Carver was most recently a Managing Director at Aon, having been at the firm for more than 15 years, based in London and Bermuda. Carver will be ... Read the full article

Jenni Rowntree Estis promoted to Head of Operations, Guy Carpenter Bermuda

21st May 2018

It’s been announced today that Bermudian Jenni Rowntree Estis has been promoted to the role of Head of Operations, Senior Vice President, Broking after 16 years at reinsurance broker Guy Carpenter. The new role will include the overseeing of IT, human resources, finance and client administration services at the company and ... Read the full article

Guy Carpenter commissions Simplitium’s ModEx cat risk platform

17th May 2018

Reinsurance broker Guy Carpenter & Company, LLC has commissioned Simplitium, a global financial services solutions provider and subsidiary of Cinnober Financial Technology, to deliver a catastrophe risk modelling solution using its ModEx platform. ModEx, formerly known as Boat Oasis, is the first independent multi-vendor catastrophe risk modelling platform for the re/insurance ... Read the full article

Guy Carpenter works with CyberCube on new cyber risk modelling platform

1st May 2018

Guy Carpenter & Company has entered into a formal license agreement with CyberCube Analytics following a two year strategic partnership that delivered the industry’s first cyber risk modelling platform with an inside-out view of cyber exposure. CyberCube, which was formerly part of Symantec Corporation and is backed by investment from Trident ... Read the full article

Guy Carpenter promotes Fletcher to Chair, adds Morris as SVP in Bermuda

30th April 2018

Reinsurance brokerage Guy Carpenter has promoted its retrocessional leader John Fletcher to become the new Chairman of the firm’s Bermuda Operations and added a new Senior Vice President hire on the island. Fletcher has been with Guy Carpenter throughout his reinsurance broking career, having joined the firm in 1998. In his 30 ... Read the full article

Re/insurers with own view of risk less impacted by model changes: GC’s Imelda Powers

16th March 2018

Speaking with Reinsurance News, Imelda Powers, Global Chief Catastrophe Modeler at reinsurance broker Guy Carpenter, discussed the management of changes to models and the impact this can have on insurers and reinsurers, while underlining the importance of utilising the latest data and expertise within models to improve the industry's view ... Read the full article

Aon Benfield names new heads of Capital Advisory and Terrorism Specialty units

7th March 2018

Reinsurance broker Aon Benfield has announced the appointment of Eric Paire and Emma Karhan from Guy Carpenter, with the former set to lead its Capital Advisory unit, and the latter being named Head of Terrorism Specialty and Reinsurer Relationships in London. Reporting to Aon's Nick Frankland, UK Chief Executive Officer (CEO), Eric ... Read the full article

Guy Carpenter CEO Peter Hearn calls for more transparent cat modeling

31st January 2018

Guy Carpenter's Chief Executive Officer, Peter Hearn, made a case for greater industry-wide adoption of the open source catastrophe model, saying it improves firms' management of risk, adding better products and protection to the marketplace and benefiting the entire re/insurance value chain. “For over 25 years, these models have led us ... Read the full article

Capital efficiency strategies drive alternative capital interest: GC Securities

30th January 2018

The collateralized reinsurance and retrocession markets continue to expand despite the impacts of 2017 catastrophe events, as capital management and capital efficiency strategies drive interest in insurance-linked securities' (ILS) mechanisms, according to GC securities, the capital markets and ILS arm of reinsurance broker Guy Carpenter. In a discussion with Reinsurance News around ... Read the full article

2017 catastrophes a “perfect opportunity” for reinsurers to showcase adaptability

22nd January 2018

Guy Carpenter's Vice Chairman David Priebe called the recent catastrophic events a "perfect opportunity" for reinsurers to showcase their ability to adapt solutions to the unique risk profiles of individual clients, a reminder that the flip side of every major disaster is an opportunity for the innovative and entrepreneurial. 2017's record ... Read the full article

Reinsurance market demonstrates its resilience at 1/1: Guy Carpenter

18th January 2018

Commenting on the state of the global reinsurance market after the key January reinsurance renewals, broker Guy Carpenter notes how resilience the market has been and that little in the way of capital has evaporated despite the major losses of last year. In fact, Guy Carpenter's analysis shows that reinsurance capital ... Read the full article

Guy Carpenter Chairman Britt Newhouse to retire at the end of 2017

30th November 2017

The Chairman of reinsurance broker Guy Carpenter, Britt Newhouse, is to retire from his position at the end of 2017, according to ratings agency A.M. Best. Britt Newhouse's retirement was confirmed to A.M. Best's News Service by Guy Carpenter's Assistant Vice President (AVP), Marketing and Communications, Gray Newhouse. Britt Newhouse has been ... Read the full article

Recent events a reminder of the effectiveness of reinsurance: David Priebe, GC

3rd November 2017

The series of recent catastrophes in Mexico, the U.S. and the Caribbean will generate more opportunities for the reinsurance industry as they demonstrate its necessity as a protection for primary risk bearers, and as an efficient tool for managing large-scale capital events. The recent loss events have the potential to make ... Read the full article