Guy Carpenter

MMC creates new alternative risk unit combining Marsh and GC talent

The expansion of alternative risk capital beyond its property cat reinsurance heartland and into new classes of business is at the heart of a new MMC initiative aiming to draw together experts from its retail broking powerhouse, Marsh, and its reinsurance sister organisation, Guy Carpenter.

Guy Carp hires Goldman’s Kumar as new GC Securities chief

Guy Carpenter has recruited Goldman Sachs’ executive Shiv Kumar as the new president and global leader of its GC Securities Capital Markets unit.

Guy Carpenter swoops on Aon for non-marine MD as tit-for-tat hires continue

Richard Carver has joined Guy Carpenter from competitor Aon to take on the role of managing director and senior broker in the broking house’s UK non-marine division.

Brokers steady at end of Q1 as reporting changes muddy comparisons

The masters of the P&C broking world got off to a strong start in 2018 as the big three - Willis Towers Watson, Aon and Marsh & McClennan Companies (MMC) - all outstripped consensus earnings estimates with figures heavily influenced by changes to revenue reporting standards.

Pool Re picks GC Securities for 2019 ILS placement

UK terrorism mutual Pool Re has appointed GC Securities to advise on a potential 2019 ILS issuance which would be a ground-breaking first for the fast-expanding alternative reinsurance markets, re-Insurance.com can reveal.

GC’s Carter praises changing market diversity dynamics

DiveIn, the Insurance Supper Club, the Diversity Action Group, iWIN – these days it’s fair to say that while the market still has a long way to go, there’s no shortage of organisations championing diversity and inclusion.

Markel takes Guy Carp’s Chu to head up ceded reinsurance

Markel has hired Julia Chu from Guy Carpenter to take a newly-created position as chief of global ceded reinsurance.

MMC beats Q4 analyst expectations with strong Guy Carpenter growth

Marsh & McLennan Companies’ (MMC) reinsurance broking subsidiary Guy Carpenter has posted underlying revenue growth of 7 percent for the fourth quarter, taking its revenue for the period to $239mn.

No hard market despite signs of change: Glaser

The long-awaited hard market has not yet arrived despite signs that some segments of the property and casualty (P&C) market are beginning to demonstrate increases, Marsh & McLennan (MMC) president and CEO Dan Glaser has said.

Six themes to watch for during the Q4 results season

After a loss-plagued autumn which has raised hopes of finally bringing much-needed change (from a carrier perspective) to the (re)insurance market dynamics, all eyes now turn to the Q4 and full-year 2017 results season which begins in earnest today with US insurance heavyweight Travelers (see table).

Guy Carpenter’s RoL index up 6.1 percent

2017 losses and additional exposures added to treaties have fuelled a 6.1 percent increase in the Guy Carpenter rate on line (ROL) index for global catastrophe premiums.

Reinsurers face further test at Spring renewals: Guy Carp

The reinsurance market will face another test in the Spring when programs worst hit by last year’s catastrophes renew, Guy Carpenter has said.

Fema boosts NFIP reinsurance spend by more than 50%

US government-run flood cover scheme, the National Flood Insurance Program (NFIP), has upped its spending on private market reinsurance by more than half as the agency bolstered its coverage in the wake of last year’s devastating storms.

MMC CEO: “Hard markets tend to be pretty swift”

MMC published its third quarter results today (26 October) but beyond the numbers the senior management of the broking powerhouse spent a lot of time tackling analysts’ questions on the state of the (re)insurance markets following the circa $100bn of 3Q cat losses.

Munich Re: Global rate increases will happen

The days of falling reinsurance rates are over, according to Munich Re with a warning that price corrections will be on a global basis in 2018.

ILS investors expecting ‘‘payback’’

Despite the billions of dollars of capital that is now trapped in collateralised reinsurance and retro vehicles following the recent roll-call of brutal cat events, investors in the alternative sector remain committed to the market but they now expect “payback.”

Fryer's delight

Did Angerstein spy fist-pumping over at Aon Benfield following the news this week that Charlie Fry has joined insurance powerhouse AIG see story to lead its reinsurance buying?

Guy Carpenter announces Asia Pacific senior leadership team

Guy Carpenter has announced two major appointments to lead its drive in Asia.

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