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 & JLT Re combo an opportunity to provide the best of service
2nd April 2019
The combination of Guy Carpenter (GC) and JLT Re provides the brokerage with an opportunity to offer the best of service to clients around the world, according to GC President and Chief Executive Officer (CEO), Peter Hearn and Ross Howard, Vice Chairman of GC. Marsh & McLennan Companies, Inc. (MMC) ... Read the full article
MMC posts solid re/insurance, overall growth in Q4
31st January 2019
Guy Carpenter, the reinsurance arm of Marsh & Mclennan Companies (MMC), has posted fourth quarter 2018 revenue of $102 million, up 5% on an underlying basis. For the year 2018, Guy Carpenter's revenue increased to $1.3 billion, up 7% on an underlying basis. Meanwhile, MMC’s consolidated revenue in Q4 was $3.7 billion, ... Read the full article
Guy Carpenter restructures to accommodate JLT Re teams
17th January 2019
Reinsurance broker Guy Carpenter has announced the establishment of a new Global Capital Solutions Group that will be led by the firm's Vice Chairman, David Priebe. At the same time, the firm has revealed a series of new appointments, all in relation to the acquisition of JLT Group by its ... Read the full article
Reinsurance rates increase by 1.1% at Jan renewals: Guy Carpenter
14th January 2019
Reinsurance brokerage Guy Carpenter has said that the limited movement of rates at the recent January 1, 2019 renewals has raised concerns about pricing adequacy, underwriting strategy and the amount of capital available in the market. The firm’s Global Rate on Line (RoL) Index, which measures the change in catastrophe premium ... Read the full article
P&C capital growth may reflect favourable industry expectations: Guy Carpenter
11th January 2019
Despite subpar underwriting returns, the property and casualty industry increased its capital position by $81 billion between 2014 and 2017, a growth which broker Guy Carpenter believes may be a sign that management teams expect favourable conditions ahead and want capital ready to deploy into new endeavors to grow their businesses. In ... Read the full article
Guy Carpenter names JLT Re’s Ross Howard as Vice Chairman
21st November 2018
Reinsurance brokerage Guy Carpenter has appointed Ross Howard, currently the Chairman of JLT Re, to become Vice Chairman of the firm, as the integration between JLT and MMC continues following the acquisition. The acquisition of Jardine Lloyd Thompson Group (JLT) by broking and advisory giant Marsh & McLennan Companies, Inc. ... Read the full article
Australian life sector looks to reinsurance to ease pressure: Guy Carpenter
19th November 2018
The life insurance sector in Australia and New Zealand is increasingly looking to reinsurance as a strategic capital management tool to alleviate the pressure from regulatory requirements, shareholders, and foreign investment, according to a report from reinsurance broker Guy Carpenter. Matthew Rose, Managing Director at Guy Carpenter, noted that the underlying ... Read the full article
Flood most significant under-modelled peril for Asia Pacific: Guy Carpenter
2nd November 2018
Flood is the most significant under-modelled peril and of particular concern for the Asia Pacific region, where in excess of $500 billion of GDP is exposed to flood risk every year - the majority of which is not insured - according to a new report by reinsurance broker Guy Carpenter. Furthermore, ... Read the full article
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
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