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.
Reinsurers at crossroads after difficult Jan 1 renewals: Guy Carpenter
30th December 2022
The reinsurance sector now finds itself at a “crossroad,” according to analysts at Guy Carpenter, following one of the most challenging renewal periods ever experienced at January 1. In a report on the crucial renewal period, Guy Carpenter – a global risk and reinsurance specialist and a business of Marsh McLennan ... Read the full article
Innovative risk solutions key for climate-resilient economy transition, say experts
14th November 2022
Insurance and other risk transfer and financing mechanisms will become increasingly important in managing catastrophic risk as countries transition to more climate-resilient economies as Egypt considers a new NatCat pool, according to experts. At the “Adapting to a changing climate in the management of catastrophic risks in Egypt” conference on November ... Read the full article
Guy Carpenter announces MetaRisk Live launch
10th November 2022
Reinsurance broker Guy Carpenter has announced the launch of MetaRisk Live, a new tool to enable real-time reinsurance strategy optimization. With MetaRisk Live clients will be able to evaluate instantly the impact of changes to their reinsurance structure, creating a dynamic process that supports a better understanding of buying decisions. This tool ... Read the full article
Guy Carpenter working to bring new capacity to property cat market for 2023: Klisura
24th October 2022
The President and Chief Executive Officer (CEO) of reinsurance broker Guy Carpenter, Dean Klisura, said last week that the firm has been working for some time to bring additional capital and interest into the catastrophe market for next year. As we wrote previously, Guy Carpenter is really starting to see the ... Read the full article
Reinsurance demand continues to rise ahead of Jan renewals, say industry leaders
24th October 2022
Executives and leaders from across the insurance and reinsurance sectors are seeing strong demand for protection and have called on the industry to work to leverage its strengths in such a demanding marketplace. At the 2022 meeting of the reinsurance industry in Baden-Baden, senior industry leaders discussed how the insurance and ... Read the full article
Tightening cat market could be a tailwind for Guy Carpenter: Dean Klisura
20th October 2022
The impact of Hurricane Ian on an already stressed property market is expected to be significant and contribute to a much more challenging 1/1 renewals, but further tightening in the catastrophe space could be a tailwind for reinsurance broker Guy Carpenter, according to executives. Earlier today, Marsh McLennan (MMC) reported ... Read the full article
Guy Carpenter’s Q3 revenue up 7% as Marsh McLennan reports solid set of results
20th October 2022
Global brokerage Marsh McLennan (MMC) has reported a solid set of results for the third quarter of 2022, supported by underlying revenue growth of 7% at its reinsurance arm, Guy Carpenter. Across the business, MMC's consolidated revenue in Q3 2022 increased by 4%, or 8% on an underlying basis to $4.8 ... Read the full article
Guy Carpenter expands delegated authority capabilities, adds new hires
19th October 2022
Reinsurance broker, Guy Carpenter has announced it has expanded its capabilities in the delegated authority arena. It is welcoming three new members to its GC Access team and forming a new collaboration with Guy Carpenter’s Ratings Advisory Service. Bryan Willingham joins as Managing Director and Co-Head of the Southwest Region. He ... Read the full article
Guy Carpenter goes into partnership with analytics firm TNEDICCA
27th September 2022
Guy Carpenter has entered an agreement with analytics firm TNEDICCA that will enable the former to deliver enhanced auto analytics to its insurance carrier clients. Under the deal, Guy Carpenter said it will use TNEDICCA’s location risk products for its US personal and commercial auto marketplace. Access to this key data ... Read the full article
Major hurricane Ian heads for Cuba with Tampa Bay landfall a possibility
27th September 2022
Hurricane Ian has now reached major Category 3 status with 125 mph sustained winds, and with a shift further east in the NHC's forecast cone overnight, the storm is set to pass very close to the Tampa Bay area, or even come ashore with a landfall. The NHC warned previously of ... Read the full article
Guy Carpenter appoints AXIS Re’s Les Loh as Chief Executive of Southeast Asia & Korea
20th September 2022
Reinsurance broker Guy Carpenter has appointed AXIS Re’s Les Loh as deputy chief executive of Southeast Asia and Korea. Loh will join Guy Carpenter in October and will continue to be based in Singapore. He will also report to Bengt Johnsen - CEO of Southeast Asia and Korea at Guy Carpenter. Within this ... Read the full article
GC confident industry ‘will come together’ despite property cat retreat: Lara Mowery
8th September 2022
Demand for property reinsurance protection is expected to increase in 2023 at multiples of recent years, but despite numerous reinsurers announcing some form of retreat from the property catastrophe space, Guy Carpenter is confident the market will find a way to provide solutions. Speaking yesterday during a media briefing held by ... Read the full article
Reinsurance environment is “truly changing”: GC’s David Priebe
7th September 2022
David Priebe, Chairman of reinsurance broker Guy Carpenter, has asserted that the reinsurance industry is “truly changing” in response to the multitude of challenges it has faced this year. Currently speaking as part of an ongoing virtual media briefing on ‘Materializing Possibilities’, the GC Chairman stressed that the reinsurance industry must ... Read the full article
US property cat reinsurance rates up by 15% in 2022: Guy Carpenter
25th July 2022
So far this year, property catastrophe reinsurance rates-on-line in the U.S. have risen by almost 15%, representing the largest increase in the Guy Carpenter U.S. Property Catastrophe Rate on Line Index since 2006. Reinsurance broker Guy Carpenter's index is a proprietary index of U.S. property catastrophe reinsurance rate-on-line movements, so ... Read the full article
H1 2022 “most challenging property market for years” – Klisura, Guy Carpenter
25th July 2022
The first half of 2022 was “the most challenging property market we have seen in a number of years”, according to Dean Klisura, President and Chief Executive Officer of Guy Carpenter. Speaking during Marsh McLennan’s Q2 2022 earnings call, he said that US property catastrophe rates have ... Read the full article