Guy Carpenter & Company, LLC

Headlines

Lloyd’s Does Well in a Tough Year

December 30, 2010 - Lloyd's year-end review shows that, like the rest of the industry it faced a number of challenges in a difficult year. Low interest rates diminished investment returns for insurers, while the soft ...
www.insurancejournal.com/news/international/2010/12/30/116029.htm
Reinsurance Rates Decline

Reinsurance Renewal Rates On the Decline, Reports Claim

December 30, 2010 - Reinsurance rates for 2011 are falling at the same or greater pace than traditional insurers and further softening of the market is to come, according to two industry reports. For the second year in ...
www.insurancejournal.com/news/national/2010/12/30/116034.htm

Top Brokers, Munich Re Pool Efforts to Expand Insurance for Oil Drilling

December 22, 2010 - The world's top three insurance brokers have joined reinsurer Munich Re to promote a major expansion in risk coverage for deepwater drilling in the wake of BP's disastrous Gulf of Mexico spill last ...
www.insurancejournal.com/news/national/2010/12/22/115870.htm

People

December 5, 2010 - Frost Insurance in Austin, Texas promoted Sheri Smyth to vice president of personal lines. Smyth, a 23-year insurance industry veteran, manages the personal lines department's growth and retention ...
www.insurancejournal.com/magazines/people/2010/12/05/160542.htm

Guy Carpenter Survey: Program Administrators Say Business Stable But Less Profitable

December 5, 2010 - The current insurance program market is mature and stable, with business estimated at $20 billion, but profitability may be declining, according to a new survey of program administrators (PA) and ...
www.insurancejournal.com/magazines/features/2010/12/05/160574.htm

EQECAT Appoints Little Sr. VP of Global Client Development

November 24, 2010 - Oakland, Calif.-based catastrophe risk modeling firm EQECAT Inc. has named Paul C. Little senior vice president of global client development. Little will be responsible for global sales, professional ...
www.insurancejournal.com/news/west/2010/11/24/115146.htm

Program Business Stable But Less Profitable: Guy Carpenter Survey

November 12, 2010 - The current insurance program market is mature and stable, with business estimated at $20 billion, but profitability may be declining, according to a new survey of program administrators and managing ...
www.insurancejournal.com/news/national/2010/11/12/114863.htm

Marsh Q3 Revenue Up 9%

November 9, 2010 - Insurance broker Marsh's revenue in the third quarter of 2010 rose 9 percent to $1.1 billion. Marsh's revenue growth in the United States / Canada was 3 percent in the quarter; international ...
www.insurancejournal.com/news/national/2010/11/09/114729.htm

McNeese State Grad Student Receives LWCC’s Cavanaugh Scholarship

November 5, 2010 - Laura Marie Duos of Lake Charles, La., has been selected as the 2010 recipient of the Stephen W. Cavanaugh Scholarship, established by Louisiana Workers' Compensation Corporation (LWCC). Duos is a ...
www.insurancejournal.com/news/southcentral/2010/11/05/114633.htm

What’s Next: The Florida Sinkhole Insurance Fund?

November 1, 2010 - Will Floridians, who already support a state-backed property insurer and a catastrophe fund, support another public insurance entity for sinkhole coverage? Such a fund might be the "best way to go," ...
www.insurancejournal.com/magazines/features/2010/11/01/160368.htm

Business Moves

November 1, 2010 - Ironshore, Distinguished ProgramsBermuda-based specialty insurer Ironshore Inc. and New York-based program administrator Distinguished Programs Group LLC have formed a joint venture acquisition ...
www.insurancejournal.com/magazines/features/2010/11/01/160371.htm

Introducing… The Florida Sinkhole Insurance Fund?

October 22, 2010 - Will Floridians, who already support a state-backed property insurer and a catastrophe fund, support another public insurance entity for sinkhole coverage? Such a fund might be the "best way to go," ...
www.insurancejournal.com/news/southeast/2010/10/22/114279.htm

People

October 18, 2010 - Insurance broker Marsh has added five industry veterans - four from competing broker Aon - to its private equity and mergers and acquisitions practice. James O'Brien, Jason Hawkins and Craig Warnke ...
www.insurancejournal.com/magazines/people/2010/10/18/160237.htm

Guy Carpenter Forms Florida Reinsurance Unit

October 12, 2010 - Reinsurance specialist Guy Carpenter & Co., LLC, a part of the Marsh & McLennan Cos., has formed a dedicated Florida business unit. The new unit, based in Tampa, will address the complex ...
www.insurancejournal.com/news/southeast/2010/10/12/113957.htm

Aon Benfield Appoints Van Slooten to Head International Research Team

September 9, 2010 - Aon Benfield has appointed Mike Van Slooten as head of the International Research team, which monitors and analyzes reinsurers and market trends. He will be responsible for "organizing market ...
www.insurancejournal.com/news/international/2010/09/09/113099.htm

U.S. RE Analytics Names Kutsina as Managing Director

September 8, 2010 - Anya Kutsina has been named managing director of U.S. RE Analytics LLC, a subsidiary of U.S. RE Companies Inc., an international financial services and reinsurance brokerage group. Kutsina has served ...
www.insurancejournal.com/news/national/2010/09/08/113089.htm

People

September 6, 2010 - Stephen A. Korducki, a senior insurance and reinsurance executive, has been elected president and CEO of Sunshine State Insurance Co. Inc. (SSIC), a homeowners insurance writer in Florida. Korducki ...
www.insurancejournal.com/magazines/people/2010/09/06/160055.htm

Marsh Revenue Up 9% in Q2

August 3, 2010 - Global insurance broker Marsh's revenue in the second quarter of 2010 rose 9 percent to $1.2 billion from the same period in 2009. Revenue growth in international operations was 6 percent, reflecting ...
www.insurancejournal.com/news/national/2010/08/03/112147.htm

Korducki Elected President of Sunshine State Insurance in Florida

August 2, 2010 - Stephen A. Korducki, a senior insurance and reinsurance executive, has been elected president and CEO of Sunshine State Insurance Co., Inc. (SSIC), a homeowners insurance writer in Florida. Korducki ...
www.insurancejournal.com/news/southeast/2010/08/02/112086.htm

UK’s Miller Expands Property Reinsurance Business

July 19, 2010 - UK-based Broker Miller Insurance Services Limited, which specializes in both insurance and reinsurance, announced a number of senior appointments to its reinsurance business unit. Former Guy ...
www.insurancejournal.com/news/international/2010/07/19/111689.htm