Reinsurance intermediary Guy Carpenter & Co. said it has hired Shiv Kumar as president and global leader of GC Securities, Capital Markets. Kumar was previously global head of Insurance Structured Finance at Goldman, Sachs & Co.
GC Securities helps clients identify and execute convergence capital solutions to manage risk. Current GC Securities solutions include catastrophe bonds, sidecars, quota shares, collateralized reinsurance, reinsurance transformers, derivatives and industry loss warranties, as well as a suite of reinsurance analytics tools.
At Goldman, Kumar was the project lead for more than 100 transactions and arranged $25 billion in financing. He covered insurance companies in the property and casualty, life and health, mortgage and public sectors. His experience includes structuring complex financial transactions to solve client challenges from risk transfer and asset accumulation to capital structure optimization and legacy portfolio restructuring.
Previously, Kumar worked as head of Analytical Services at AIR Worldwide.
Overseeing the GC Securities Capital Markets team, Kumar will report to David Priebe, vice chairman of Guy Carpenter. GC Securities leaders reporting to Kumar include Cory Anger, global head of ILS Origination and Structuring, and Chi Hum, global distribution leader.
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