Guy Carpenter News

Guy Carpenter Launches Probabilistic Philippines Flood Model

Guy Carpenter & Co., the reinsurance broker and subsidiary of Marsh & McLennan Cos., announced the launch of a new Philippines Flood Model. The probabilistic model provides countrywide coverage and enables insurers to assess flood exposure, one of the most …

Guy Carpenter Taps Williams from AIG as Global Head of Client Support Services

Guy Carpenter & Co., LLC, the reinsurance brokerage business of Marsh & McLennan Cos., announced that George Williams has been appointed managing director, global head of Client Support Services, effective immediately. In this role, Williams will be responsible for setting …

Guy Carpenter Partners with RiskGenius to Expand Silent Cyber Analysis

Reinsurance broker Guy Carpenter & Co. has entered into a strategic relationship with RiskGenius to expand the detection and qualitative analysis of silent cyber exposure across various lines of business. RiskGenius utilizes artificial intelligence to evaluate a variety of emerging …

Is the Re/Insurance Industry Ready for the Fourth Industrial Revolution?

Industry transformations occur when the pain of staying the same is suddenly greater than the pain of changing, according to Karen White, CEO of RMS. “The second thing that has got to be present for those transformations to occur is …

Insured Losses from Australia’s Hailstorms Hit US$352.5 Million

The Insurance Council of Australia (ICA) has declared a catastrophe for damage caused by hailstorms that struck eastern Melbourne, the Australian Capital Territory and parts of New South Wales on Sunday and Monday (Jan. 19-Jan. 20). Insured losses from the …

Carpenter’s Global Property Catastrophe Index Rises by 5% in January Renewals

Pricing corrections in the property catastrophe reinsurance market over the last few years have been localized and mitigated to some extent by sufficient levels of capacity, according to Guy Carpenter in its January reinsurance renewal report. As a result, pricing …

January 2020 Reinsurance Renewals Varied Significantly, Brokers Say

The January 2020 reinsurance renewals saw significant variation in pricing and capacity depending on geography, line of business, cedents’ loss record and client relationships, according to two reports published by brokers Guy Carpenter and Willis Re. Indeed, the market demonstrated …

Guy Carpenter Promotes Saper as CEO of Pacific Region

Guy Carpenter & Co., the global reinsurance broker and subsidiary of Marsh & McLennan Cos., announced the appointment of Jeff Saper as CEO of the Pacific region, with immediate effect. In his new role, Saper will be responsible for overseeing …

Guy Carpenter Appoints Schepens from Allianz as Benelux CEO

Guy Carpenter & Co., the reinsurance broker and subsidiary of Marsh & McLennan Cos., announced the appointment of Patrick Schepens as CEO of the Benelux region, effective April 2020. Schepens will be responsible for all of Guy Carpenter’s activities in …

Guy Carpenter, MGA Victor to Offer Coverage to U.S. Public Entity Pools

Managing General Underwriter Victor is now offering Guy Carpenter clients who are members of U.S. public entity insurance pools a range of property and casualty insurance products not traditionally offered by the pools. Public entity insurance pools provide property and …