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.
Alternative capital has become a key tool for resiliency: Rapin, CEO, Nephila Climate
21st October 2024
At the latest Baden-Baden Reinsurance Symposium hosted by Guy Carpenter, the reinsurance broking arm of Marsh McLennan, Maria Rapin, Chief Executive Officer (CEO) of Nephila Climate, has highlighted the increasing role of alternative capital in the market’s ability to absorb the financial impacts of expanding crises. “The reinsurance industry has demonstrated ... Read the full article
AIR Parametric launches new dairy product with Guy Carpenter & LM Re
18th October 2024
In collaboration with Guy Carpenter and Liberty Mutual Reinsurance, AIR Parametric has launched Milkshake, a new parametric insurance product designed to safeguard US dairy producers from heat stress on their livestock herds. According to Air Parametric, Milkshake’s proprietary design was built in consultation with dairy industry leaders and the specialised agents ... Read the full article
Post Milton, we see a flattening of property cat pricing at Jan 1 renewals: Klisura, Guy Carpenter
17th October 2024
Dean Klisura, Chief Executive Officer (CEO) of Guy Carpenter, the reinsurance broking arm of Marsh McLennan, stated during the firm's recent earnings call that although it's still early, post hurricane Milton the broker sees a flattening of pricing in the property catastrophe market at the upcoming January 1 2025 reinsurance ... Read the full article
Guy Carpenter pegs insured loss from Central Europe floods at up to €2.1bn
25th September 2024
Modern infrastructure, dams, and flood barriers significantly mitigated the impact of the 2024 flooding across Central and Eastern Europe, according to reinsurance broker Guy Carpenter, who has estimated an insured loss between €1.6 billion and €2.1 billion from the event. A slow-moving storm caused days of intense rainfall and flooding across ... Read the full article
Guy Carpenter appoints Heather Legg as Managing Director of Canadian broking team
17th September 2024
Guy Carpenter, the reinsurance broking division of Marsh McLennan, has announced the appointment of Heather Legg as Managing Director (MD) of its Canadian broking team. In her new role, Legg will be based in the firm's Toronto, Canada office. In a recent post, Guy Carpenter stated, “Heather’s extensive experience in reinsurance underwriting ... Read the full article
Non-marine market still sees more demand than supply for quota share capacity, Guy Carpenter
13th September 2024
Guy Carpenter, a global risk and reinsurance specialist, highlights that in the second quarter of 2024, there was a significant increase in demand for peak peril retrocession (retro) coverage and cat on direct and facultative (D&F) limit across the non-marine market. It's important to note, that demand for retro XoL coverage ... Read the full article
Abundant capacity and evolving risks drive shifts in terrorism insurance market: Guy Carpenter
11th September 2024
According to a recent Global Specialties market update by Guy Carpenter, a global risk and reinsurance specialist, several significant trends have emerged in the terrorism and political violence insurance markets. While rates in the direct terrorism market had been rising in recent years, an abundance of capacity has now led to ... Read the full article
Guy Carpenter reveals what could disrupt reinsurance renewals despite market stabilisation
9th September 2024
The global specialty reinsurance market has stabilised after a period of disruption marked by sharp rate fluctuations, tighter terms and conditions, and rising attachment points, according to James Boyce, CEO of Global Specialties at Guy Carpenter, a global risk and reinsurance specialist. Boyce notes that strong rating adequacy has been achieved ... Read the full article
Ranked by 2023 revenue, Aon is still the world’s largest reinsurance broker
8th September 2024
Based on fully-year 2023 revenues, Aon Reinsurance Solutions, the reinsurance broking arm of the global intermediary, remains the world's top reinsurance broker, although Guy Carpenter, the reinsurance arm of Marsh McLennan, has narrowed the gap at the top. Our ranking of the top global reinsurance brokers in ... Read the full article
Cyber demand met by significant reinsurance supply: Co-Heads of Cyber, Guy Carpenter
6th September 2024
During Guy Carpenter’s virtual media briefing, the firm’s Global Co-Heads of Cyber discussed the growing demand for cyber reinsurance, which has been met with ample supply in the reinsurance markets. Erica Davis, Global Co-Head of Cyber at Guy Carpenter, commented on the changing appetite for cyber reinsurance: “We are finding our ... Read the full article
Paretchan named Global Head of Distribution and Market Relations, Guy Carpenter
5th September 2024
Guy Carpenter, the reinsurance broking division of Marsh McLennan, has appointed Jennifer Paretchan as Global Head of Distribution and Market Relations, where she will be based in the firm's New York office. In the role, she will primarily focus on utilising market insights to deliver solutions for Guy Carpenter's clients, and ... Read the full article
Reinsurance pricing to perpetually recalibrate, but program restructuring to endure: Guy Carpenter
4th September 2024
After 2023 saw substantial reinsurance market corrections, including the restructuring of programs and the reset of pricing, 2024 has focused on the details, but according to executives at Guy Carpenter, while pricing is expected to continuously recalibrate, program restructuring is likely to be sustained. During Guy Carpenter's recent pre-Monte Carlo media ... Read the full article
Increasing need for improved cyber CAT models for SMBs: Guy Carpenter
2nd September 2024
An increasing number of small and medium-sized businesses (SMBs) are seeking cyber coverage, but current cyber catastrophe (CAT) models still struggle to accurately assess SMB risk aggregation, according to a recent report by Guy Carpenter. The report, developed with At-Bay, highlights the rapid growth of the cyber insurance market and the ... Read the full article
AI usage heightens risk of cyber event aggregation, says Guy Carpenter
21st August 2024
The rapid adoption and evolving deployment of artificial intelligence (AI) in recent years have heightened the risk of cyber event aggregation from both malicious and accidental sources, according to a recent paper by Guy Carpenter. The paper identifies four main ways in which AI development and deployment contribute to this aggregation: ... Read the full article
Guy Carpenter bolsters NA Regional Mutual and Personal Lines teams
21st August 2024
Guy Carpenter, the reinsurance broking division of Marsh McLennan, has appointed Ridge Muhly as the Regional Mutual Segment Leader, effective August 19th, based in Philadelphia and Adam Kornick as the Personal Lines Segment Leader, effective September 3rd, based in Chicago. The pair will report to Rob McKenzie, President of Sales and ... Read the full article
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