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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 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

MMC JLT integration could affect near-term organic growth: Dan Glaser

25th April 2019

The ongoing efforts to fully integrate the Jardine Lloyd Thompson (JLT) business within broking and advisory giant Marsh & McLennan Companies, Inc. (MMC) could mean a near-term hit to organic growth, MMC CEO Dan Glaser said today. MMC's acquisition of JLT completed on April 1st, meaning the mission to bring ... Read the full article

MMC results reflect strong revenue growth for Marsh & Guy Carpenter

25th April 2019

Broking and advisory giant Marsh & McLennan Companies, Inc. (MMC) has released its results for the first quarter of 2019, posting underlying revenue growth of 4%, buoyed by the performance of its re/insurance broking subsidiaries, Marsh and Guy Carpenter. MMC’s consolidated revenue in the first quarter of 2019 was $4.1 billion, ... Read the full article

Marsh, Guy Carpenter, JLT combine LatAm facultative reinsurance

23rd April 2019

It's been announced that Marsh and Guy Carpenter will combine their Latin American facultative reinsurance operations with those of JLT Group, following the completed acquisition of JLT by Marsh & McLennan Companies (MMC) on April 1st, 2019. The combined operations will be called Carpenter Marsh Fac Re, and will be ... Read the full article

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

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