Guy Carpenter News

A Trailblazer in the Lloyd’s Marketplace Looks Back and Ahead

When Vicky Carter, Guy Carpenter’s chairman of Global Capital Solutions, International, started working in the insurance industry 40 years ago, she was one of only a handful of women. She reflects here on how the industry has changed and the …

Profit Lessons in Commercial Auto, Workers Comp and Other Business

Progressive has a competitive edge over long-term players in the commercial auto insurance market and national carriers outpace regionals on workers compensation profit measures, according to a new report from Guy Carpenter. “Competition and change are the only certainties” for …

Guy Carpenter Names Samengo-Turner as Global Facultative Leader

Guy Carpenter & Co., a reinsurance broker and subsidiary of Marsh & McLennan Cos., announced the appointment of Dominic Samengo-Turner as global facultative leader. At the same time, insurance broker Marsh has appointed Simon Delchar as head of Marsh JLT …

Update: Super Typhoon Hagibis Tracks Toward Japan; Guy Carpenter, RMS Comment

Super Typhoon Hagabis has been a category 5 for much of the first half of this week, but fortunately is forecast to weaken to a category 3 typhoon when it makes landfall in Japan on Saturday morning, Oct. 12, said …

Loss Creep Spells End to Soft Reinsurance Market: Guy Carpenter

Extended development from North American hurricane losses and losses from non-peak perils like California wildfires have finally jolted reinsurers out of a soft reinsurance market, according to a report from reinsurance broker Guy Carpenter. The report titled “The Changing Nature …

Billion Dollar Loss Scenarios Point to Need to Better Understand Cyber Events

As the cyber insurance market has continued its rapid growth, its loss vulnerabilities have become increasingly clear. A new report from Guy Carpenter and CyberCube Analytics has identified potential loss scenarios in the current market that run in the billions …

Guy Carpenter Names Priebe as Chairman

Guy Carpenter & Co., LLC, the global risk and reinsurance specialist and a wholly owned subsidiary of Marsh & McLennan Cos., announced that David Priebe has been appointed to the role of chairman, effective immediately. Priebe will continue to report …

Guy Carpenter Fires Executive Who Sent Harassing Email About Colleague

A top Lloyd’s of London insurance brokerage, Guy Carpenter & Co., fired a senior vice president for sending a sexually explicit email about a female colleague, one of the first dismissals to come to light since the industry began cracking …

Reinsurance Broker Guy Carpenter Suspends Two Over Harassing Email

A Lloyd’s of London insurance broker, Guy Carpenter & Co., suspended an executive for sending a sexually suggestive email about a female colleague. A second employee was suspended for forwarding the message outside the firm. “We take all incidents of …

Judge Restrains 3 Former Guy Carpenter Execs Who Moved to Lockton Global Re

A federal judge in New York has granted reinsurance broker Guy Carpenter’s request for a temporary restraining order against three former executives who moved to competitor Lockton in March. The TRO blocks the three executives from directly or indirectly soliciting …