Guy Carpenter looks to Aon and Willis Re for non-marine specialty hiresGuy Carpenter has appointed James Johns as managing director and Joshua O’Donoghue as senior vice president within its non-marine specialty division.
Willis Re’s Petka and Underwood leave for Guy CarpenterWillis Re executive vice president Matt Petka and senior vice president Riley Underwood have resigned from the firm’s Dallas, Texas office and are set to join rival Guy Carpenter, The Insurer can reveal.
Comment: Ugly GC-Howden poaching dispute opens the Pandora box of litigationReaders who have first hand experience of commercial litigation may have sympathy with Charlie Munger’s description of it as “notoriously time-consuming, inefficient, costly and unpredictable”.
Cat reinsurers’ six C-19 loss objections as BI stalemate continuesAs reinsurers continue to stall on billions of dollars of Covid-19 BI losses aggregating on their cat XL treaties, they are relying on six distinct objections, a wide-ranging report has concluded.
GC urges clients to use “honourable engagement” principles to counter reinsurers’ Covid aggregation objectionsGuy Carpenter has provided its clients with a framework for defending their positions on the aggregation of Covid-19 BI losses under property cat XoL treaties against reinsurers’ objections, this publication can reveal.
GC adds Gressier as head of motor and associated casualtyGuy Carpenter has named Paul Gressier as managing director and head of UK & Ireland motor and associated casualty.
Guy Carp alleges misappropriation and information misuse in 31-strong Howden poaching disputeGuy Carpenter has laid out the particulars of claim in its poaching lawsuit against Howden, in a filing that states the number of defections has reached 31 and reveals the Marsh McLennan reinsurance broking subsidiary is investigating an alleged prying open of a locked cabinet in its London office.
Guy Carp adds BMS Re exec Padilla to LatAm teamGuy Carpenter continues to add to its Latin American ranks with BMS Re’s Frank Padilla the latest to join the reinsurance broker’s expansive team in the region, The Insurer can reveal.
GC predicts “above normal” tropical cyclone activity in Pacific basinThe number of tropical cyclone formations between 1 April and 30 September is expected to be above normal, according to a briefing published by Guy Carpenter on the 2021 Western North Pacific basin tropical cyclone season.
Guy Carpenter names Arthur as head actuary for UK non-specialtyGuy Carpenter has named Brit’s David Arthur as head actuary of its UK non-specialty business, which encompasses global casualty, accident and health, UK property and UK motor.
Howden’s reinsurance build-out intensifies with senior GC aviation trio lift and UIB hireHowden is continuing to expand its reinsurance unit following its audacious swoop for Guy Carpenter’s Bradley Maltese and 25+ of his London-based colleagues, with the intermediary adding four senior producers to its aviation practice, The Insurer can reveal.
GC hires Tres to lead capital life solutionsLuca Tres has been appointed head of strategic risk and capital life solutions at reinsurance broker Guy Carpenter.
Guy Carpenter launches Asia Pacific Catastrophe Advisory GroupGuy Carpenter has established an Asia Pacific Catastrophe Advisory Group to help clients in the region respond to the risks stemming from climate change, with Jeremy Waite appointed to lead the operation.
Marsh McLennan shares up 4% on strong organic growthMarsh McLennan shares closed up 4 percent on Tuesday (27 April) after the firm reported strong Q1 organic growth of 6 percent while president and CEO Dan Glaser said the group now expects full-year 2021 underlying growth at the high end of its previous 3-5 percent guidance “and possibly above”.
Marsh and Guy Carpenter drive 6% organic growth at Marsh McLennanMarsh McLennan generated underlying revenue growth of 6 percent at the group level in the first quarter, driven by organic growth of 8 percent at Marsh and 7 percent at Guy Carpenter.
GC launches legal proceedings against Howden and Maltese-led defectorsGuy Carpenter has filed UK High Court proceedings that include a claim against Howden and Bradley Maltese for coordinating an alleged unlawful team move and a claim for an injunction to ensure the return of thousands of pages of confidential information it says appear to have been misappropriated.
Guy Carp’s Phillips denied preliminary injunction against Willis ReFormer Willis Re Latin America and Caribbean chairman Anthony Phillips, who joined Guy Carpenter in November along with over 20 other brokers, has been denied a preliminary injunction against his former employer.
GC shuffles European leadership; adds Willis Re’s den Boer as treaty MDGuy Carpenter has appointed Christophe Gaudron as CEO of its French operation and Michel den Boer as managing director of treaty broking for the Benelux region as the broker continues to overhaul its senior management on the continent.
Howden Re head of treaty claims is first to arrive as GC UK hires now edge close to 30The Insurer has now tracked 26 resignations from Guy Carpenter’s London team who are expected to join Howden once their notice periods are complete.
QBE Re takes GC’s Cook for new client management roleQBE Re has hired Jamie Cook to take on the newly created role of head of client management.