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Guy Carpenter

Life reinsurers must better adapt to cedents’ needs: Guy Carpenter

31st October 2018

The life reinsurance sector has been shrinking for a number of years, but reinsurers can remain relevant if they take a more strategic approach to adapting to the changing needs of cedents, according to David Rains, Managing Director at Guy Carpenter. Rains claimed that the traditional life reinsurance proposition, which involves ... Read the full article

Asia’s cyber re/insurance market set for growth: Guy Carpenter

31st October 2018

The cyber re/insurance market continues to be dominated by the U.S, but markets in Asia are beginning to see steady growth, which is likely to accelerate as new regulations are implemented and as understanding of the risk develops, according to analysts at reinsurance broker Guy Carpenter. Approximately 85% of global cyber ... Read the full article

Re/insurers must address Asia Pacific’s protection gap or risk irrelevancy: Guy Carpenter

30th October 2018

Michael Schwarz, Head of Public Sector for Asia Pacific at Guy Carpenter, has claimed that the re/insurance industry will “jeopardize its relevance” if it does not make progress in closing the protection gap in the region. “Our industry should be a critical contributor to increasing community resilience against volatility and shocks ... Read the full article

Guy Carpenter Q3 underlying revenue up 11%, MMC up 3% at $1.6bn

25th October 2018

Guy Carpenter, the reinsurance broker and wholly owned subsidiary of Marsh & McLennan Companies, recorded $215 million of revenue in the third quarter, an 11% increase on an underlying basis, according to MMC's Q3 2018 results. For the nine months ended 30 September, Guy Carpenter's underlying revenue growth was 7%. Meanwhile, MMC's ... Read the full article

Reinsurance leaders reflect on market flux at Baden-Baden

22nd October 2018

At a symposium hosted by Guy Carpenter at this year’s Baden-Baden conference senior industry figures provided a range of insights into the factors contributing to the drive by major insurance groups to extend their underwriting remit and considered the implications of the resurgence of the global composite model on market ... Read the full article

“InsurTech is not one size fits all”, says Claude Yoder, Guy Carpenter

17th October 2018

The rise of advanced technology alongside a need throughout the insurance and reinsurance value chain to improve efficiency has created a bourgeoning InsurTech start-up trend, but it’s important to find the right InsurTech fit, according to Claude Yoder, Guy Carpenter. Traditionally, the insurance industry has been slow to adapt and modernise. ... Read the full article

Evolving terror threat challenges the entire value chain: Guy Carpenter

8th October 2018

The rapidly evolving nature of the global terror threat is proving challenging to the entire re/insurance value chain, according to reinsurance broker Guy Carpenter, although the industry is well placed to meet its demands head on. The Marsh & McLennan Companies subsidiary claimed that now more than ever, brokers and underwriters ... Read the full article

Guy Carpenter appoints Siobhan O’Brien as Head of International Cyber Centre

1st October 2018

Guy Carpenter & Company, LLC, the reinsurance broker and wholly owned subsidiary of Marsh & McLennan Companies, has appointed Siobhan O’Brien Head of the Cyber Centre of Excellence for International and Global Specialties, effective October 1. The newly-created role will see O’Brien lead the International Cyber Centre of Excellence and work ... Read the full article

Significant implementation efforts required for IFRS 17: Guy Carpenter

26th September 2018

Reinsurers will need to rethink their approach to structuring contracts and prepare for the introduction of the International Financial Accounting Standard 17, according to a global roundtable of Guy Carpenter leaders. IFRS 17 is set to increase the complexity and cost of operating, as companies will be required to report in ... Read the full article

Marsh & Mclennan acquires JLT for $5.6 billion

18th September 2018

Major mergers & acquisitions news breaking this morning, as it has been announced that broking and advisory giant Marsh & McLennan Companies, Inc. (MMC) is to acquire Jardine Lloyd Thompson Group plc for $5.6 billion. The acquisition sees another of the mid-sized global insurance and reinsurance brokers going to a new ... Read the full article

Portfolio optimisation needed as market volatility rises: Guy Carpenter

12th September 2018

Optimised portfolio construction is becoming an increasingly vital strategy for re/insurers to tackle growing market volatility, which is being driven by excess capacity and rising claim costs, according to Guy Carpenter, the reinsurance broker and wholly owned subsidiary of Marsh and McLennan Companies. A global roundtable of Guy Carpenter leaders agreed ... Read the full article

Increasing pressures challenging the MGA model: Guy Carpenter’s Vicky Carter

11th September 2018

As pressures mount, the Managing General Agent (MGA) sector must lead the market for process enhancement and generate clear value rather than remaining another link in the distribution chain if it is to remain prosperous moving forward, according to Vicky Carter, Vice Chairman – Global Strategic Advisory, Guy Carpenter. Carter said ... Read the full article

InsurTech innovations are assisting re/insurance processes: Yoder, Guy Carpenter

10th September 2018

Global Head of Innovation and Product Development at reinsurance broker Guy Carpenter, Claude Yoder, has noted the many challenges and opportunities insurers and reinsurers are facing as a result of the rise of InsurTech. As technology continues to influence the global insurance and reinsurance market, Yoder has called on companies to evaluate ... Read the full article

Innovation key to London ILS success: GC Securities’ Des Potter

10th September 2018

With the UK having updated its insurance-linked securities (ILS) regulatory and tax regime last year in an effort bolster its competitiveness throughout the transition out of European Union membership, the Managing Director of GC Securities, Des Potter, has discussed how London can build on its early success and become an ... Read the full article

Guy Carpenter launches GC Genesis, an expanded InsurTech advisory service

9th September 2018

Guy Carpenter & Company, LLC, the reinsurance broker and wholly owned subsidiary of Marsh & McLennan Companies, has launched an expanded InsurTech advisory offering called GC Genesis. The new service represents a comprehensive, insurer-centric approach to the evolving space of data, analytics, and digital technology-based solutions, and is designed to go ... Read the full article

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