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.
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
Reinsurers should pursue hybrid approach to alternative capital, says GC’s Kumar
9th September 2019
With alternative capital now representing an increasingly sizeable portion of overall industry capital, reinsurers should be pursuing new hybrid structures and longer-term partnerships with this section of the market. This is according to Shiv Kumar, President of GC Securities, the capital markets and ILS arm of reinsurance broker Guy Carpenter (GC), ... Read the full article
Reinsurance products may require modification under IFRS 17: GC’s Bangeova
9th September 2019
Some traditional reinsurance products are likely to require modification in order to remain effective as capital and volatility management tools under International Financial Reporting Standard (IFRS) 17. This is according to Vasilka Bangeova Managing Director, Strategic Advisory for EMEA at Guy Carpenter (GC), the reinsurance-focused division of broker Marsh. In a new ... Read the full article
Guy Carpenter, CyberCube detail results of cyber cat loss study
8th September 2019
A collaborative effort by global reinsurance brokerage Guy Carpenter and CyberCube analytics has examined the potential financial impact a large-scale cyber attack could have on the standalone cyber insurance market as it exists today. By analysing 23 loss scenarios on CyberCube’s modelling platform, it was determined that a widespread data loss ... Read the full article
David Priebe named Chairman of Guy Carpenter
8th September 2019
Long-standing leader David Priebe has been named as the new Chairman of reinsurance broker Guy Carpenter this morning. Having worked at the brokerage since 1981, Priebe has held a range of leadership positions, most recent as its Vice Chairman. Moving up to Chairman effective immediately, Priebe will continue to report to Guy ... Read the full article
Guy Carpenter secures key reinsurance role in Cali Wildfire Fund
20th August 2019
Global reinsurance brokerage Guy Carpenter has been selected as the sole reinsurance intermediary for the recently-formed California Wildfire Fund, as the state looks to mitigate the risk after two heavy loss years. Together with the fund’s administrator, the California Earthquake Authority (CEA), Guy Carpenter will provide strategic reinsurance and advisory services ... Read the full article
Marsh & McLennan’s revenue up 16% to $4.3 billion in Q2
30th July 2019
Global insurance and reinsurance broker, Marsh & McLennan Companies, Inc. (MMC), has reported consolidated revenue growth of 16% to $4.3 billion and underlying revenue growth of 4% for Q2 2019, which is the first time its results have included JLT, which it acquired for $5.6 billion. Underlying revenue growth of 4% ... Read the full article
“Little evidence” that reinsurance will respond to silent cyber events: GC’s Siobhan O’Brien
20th June 2019
There continues to be “little evidence” that reinsurance programs will respond as planned to a silent cyber event, despite recent regulatory efforts that have aimed to quantify exposure. This is according to Siobhan O’Brien, Head of the Cyber Center of Excellence for International and Global Specialties at Guy Carpenter, who outlined ... Read the full article
Major reinsurance brokers collaborate on distributed ledger technology
15th May 2019
The Reinsurance Solutions arm of Aon, reinsurance broker Guy Carpenter and other industry partners, including RenaissanceRe and Everest Re, have worked with The Institutes RiskStream Collaborative on the use of distributed ledger technology (DLT). According to an announcement, the joint effort targets the delivery of greater efficiency to the placement of ... Read the full article
Guy Carpenter proposes parametric solution for explosive volcanic eruptions
14th May 2019
Reinsurance broker Guy Carpenter has conceptualised and designed a parametric risk transfer solution that looks to mitigate losses to building structures as a result of large, ash fall-producing volcanic eruptions. In a recent article, Catastrophe Risk Analyst at Guy Carpenter, Delioma Oramas Dorta and Guillermo Franco, Managing Director & Global Head ... Read the full article
Guy Carpenter expands international analytics and advisory capabilities
13th May 2019
Global reinsurance broker Guy Carpenter has announced a number of international analytics and advisory appointments in London, including the addition of Richard Rodriguez as its new Head of Analytics and Advisory, UK and Global Specialties. Previously a Chief Actuary at Lloyd's of London, Read the full article
Guy Carpenter announces numerous senior appointments
8th May 2019
Reinsurance broker Guy Carpenter has announced a number of international leadership appointments in light of Marsh & McLennan Companies' acquisition of JLT. The appointments are effective immediately and the reinsurance broker says that they reflect its efforts to align the firm's structure, and integrate the capabilities of JLT Re, ultimately creating ... Read the full article