Reinsurance broker Guy Carpenter & Co. announced the launch of Hybrid Solutions UK, a division of GC Fac, and the appointment of Laurence Upton, formerly with Willis Towers Watson in London, to lead the new operation.
The Hybrid Solutions UK team will focus on developing hybrid facultative products that bridge the gap between traditional facultative transactions and treaty programs, thereby enabling GC Fac to provide greater customization to its clients.
Upton has been appointed as managing director and head of Hybrid Solutions UK. He joins from Willis Towers Watson where he was head of London Market Fac. He will be responsible for growing the new division, enhancing existing relationships and developing innovative facultative solutions. Based in London, he will report to Dominic Samengo-Turner, global head of Facultative, Guy Carpenter.
The senior team will also include Jason Higgins, who has been appointed as deputy head, and Alex Groves as senior vice president. Higgins joins from Thompson Heath and Bond, and Groves from Willis Towers Watson.
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