Guy Carpenter & Co. has promoted Peter Stubbings as CEO of the firm’s Bermuda operations, with immediate effect. In addition, Richard Keegan will join the Bermuda team as senior vice president in May.
Previously chairman of the Bermuda office, in his new role Stubbings will be responsible for both the Retrocession and International Reinsurance Treaty practices, as well as overseeing new business development and the wholesaling of the firm’s U.S. business into the Bermuda market. He will continue to report to Kevin Fisher, CEO of Global Specialties.
“Peter has over 34 years of experience across the reinsurance market and since taking up the role of chairman has secured his position as a key figure within the Bermuda market,” said Fisher.
Fisher added that Keegan will work closely with the Retrocession team as well as supporting the wholesaling of U.S. business.
Keegan joins Guy Carpenter from Aon Benfield in Bermuda, where he was a property retrocession Broker, and will report to Stubbings.
Tim Gardner, CEO of U.S. Operations at Guy Carpenter, said: “We are delighted that Richard will be joining the Bermuda team. Working directly with Kevin and Peter, he will play an integral part in the ongoing development of both our retrocession and US wholesale activities in the Bermuda market.”
Source: Guy Carpenter
Topics USA
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