Guy Carpenter

GC Securities’ Potter steps away after 40 years in industry

Des Potter is retiring as managing director of GC Securities after almost a decade at the Marsh McLennan-owned intermediary.

Guy Carp’s Fuller: Property reinsurers remain disciplined despite excess capacity

Excess property reinsurance capacity may have reached levels historically associated with soft markets, but carriers have maintained pricing discipline and their appetite for catastrophe risk remains “very strong”, according to Guy Carpenter’s North America Property Center of Excellence head Randy Fuller.

Building community financial resilience

Guy Carpenter’s Jake Clark and Alton Byrd highlight how the industry can provide solutions to build resilience in the aftermath of disasters.

Cyber insurance – the year of change

Erica Davis and Anthony Cordonnier discuss how (re)insurers are adopting new underwriting tactics to address the evolving cyber risk environment.

European cat rates to climb at 1.1 after 2021 losses as GC encourages clients to continue to seek broad coverage

European cat rates will increase at 1 January after the severe summer floods and wildfires but reinsurers will be on notice to ensure they are reasonable and reflective of underwriting exposures, according to Guy Carpenter’s Europe CEO Massimo Reina.

Large cyber writers’ demand for agg coverage grows

Insurers’ appetite for cyber reinsurance coverage continues to grow with demand among larger cedants increasing for aggregate protections to sit alongside their existing proportional coverages, Guy Carpenter’s Erica Davis said on Thursday.

Guy Carp’s Mowery: No “one-size-fits-all” answer to whether Ida is one event or two

There is no clean-cut answer whether the devastation caused by Hurricane Ida in Louisiana and the northeast US will count as one event or two under reinsurance programs owing to the variability across wordings in any given cedant’s coverage, according to Guy Carpenter’s Lara Mowery.

GC Securities names Willis Re’s Perrot MD

Guy Carpenter has named Willis Re’s Quentin Perrot as managing director of GC Securities.

Swiss Re’s Cordonnier lands at GC as takes on cyber co-head role

Former Swiss Re cyber lead Anthony Cordonnier has started his role as global co-head of cyber at Guy Carpenter, working alongside Erica Davis.

Balancing act

Ahead of 1 January, buyers can look forward to a healthy and differentiated reinsurance market with abundant capital, although reinsurers will seek to hold the line on pricing discipline and terms and conditions, says Charles Whitmore, president, global accounts at Guy Carpenter.

GC: wind v water to play key role in Ida claims fallout

Guy Carpenter has said that insurance policy terms in the context of wind versus water will play a meaningful role in adjusting Ida claims as it also pointed to significant impacts for energy and utility sectors and the likelihood of elevated repair costs.

GC lands Willis Re’s Harden as APAC president after NSW court ruling

Guy Carpenter has appointed Willis Re’s Michael Harden as the new president of its Asia Pacific operations.

Aon secures RSA motor account but loses cat XoL account to rival GC

UK insurer RSA has swapped out Aon and Guy Carpenter as the lead broker on its cat XoL program and motor account after coming under the control of Intact Financial, The Insurer can reveal.

MGA Shepherd looking to build capacity to disrupt construction market

Newly launched construction focused insurtech MGA Shepherd is out in the market working with Guy Carpenter to secure capacity to write a book of middle market-focused excess business with the platform having already hired a pair of seasoned market specialists in Chubb’s Stephen Buonpane and The Hartford’s Constantine Hadjipateras to support its build out.

Guy Carpenter adds senior fac execs Rizzi and Littell

Guy Carpenter has continued to bolster the ranks of its facultative reinsurance business by hiring Sabrina Rizzi from Willis Towers Watson (WTW) and another former WTW executive David Littell from Lockton Re, The Insurer can reveal.

Guy Carpenter lands Hiscox Re & ILS North America chair Nottingham

Hiscox Re & ILS chair of North America Ross Nottingham has resigned from the position and is set to join Guy Carpenter, The Insurer can reveal.

Glaser: 2021 performance sets new base for Marsh McLennan

The surging organic revenue growth and earnings performance reported by Marsh McLennan in 2021 so far is not going to be a “one-year wonder” and sets a “new base” for the firm as it looks to grow revenue and profits in 2022 and beyond, according to president and CEO Dan Glaser.

Marsh McLennan reports “outstanding” Q2 results with 13% organic growth

Marsh McLennan has reported underlying growth of 13 percent for the second quarter while adjusted earnings per share of $1.75 came in comfortably ahead of analyst forecasts, with president and CEO Dan Glaser describing the results as “outstanding”.

Howden strikes back in acrimonious Guy Carp UK reinsurance poaching dispute

Howden has hit back against Guy Carpenter in its increasingly bitter reinsurance poaching dispute accusing its larger rival of lodging a “bullying” and “hypocritical” claim in a bid to deter employees from joining a “highly attractive employer”.

GC names WTW’s Wemyss head of fac re as Moody takes top UK&I role

Guy Carpenter has named Willis Towers Watson’s Toby Wemyss global head of facultative reinsurance, part of a series of top-level leadership changes at the Marsh McLennan-owned reinsurance intermediary and sister broker Marsh.

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