Guy Carpenter to Research Parametric Solutions in California, Florida December 12, 2024 Guy Carpenter said it is starting a research project to explore the use of parametric insurance solutions in California and...
AI Used for Good and Bad — Like Making Trickier Malware, Says Report November 26, 2024 By Jahna Jacobson While the insurance industry is quickly adopting AI technologies to improve the speed and accuracy of routine functions, analyze data...
Guy Carpenter to Acquire Athens-Based Reinsurance Broker Carpenter Turner November 19, 2024 Guy Carpenter, the reinsurance specialist and a business of Marsh McLennan, announced it has entered into an agreement to acquire...
Central European Insurers’ Financial Strength to Remain Solid Despite Severe Floods September 25, 2024 By L.S. Howard The heavy rains and severe floods of Storm Boris, which inundated Central and Eastern Europe during the second week in...
Guy Carpenter: ‘Kitty Cat’ CrowdStrike Outage to Cause $300M-$1B in Insured Losses August 2, 2024 By Chad Hemenway Due to the limited amount of impacted companies with insurance and the deployment of a quick fix to mitigate losses,...
Trigger Warning: Cyber Policy Wordings to Impact Coverage for Tech Outage July 22, 2024 By Chad Hemenway Industry stakeholders continue to try to get a grasp of the implications from last week’s massive technology outage affecting motley...
Reinsurers’ Appetite Grows During Mid-Year Renewals but Discipline Remains: Brokers July 8, 2024 By L.S. Howard Reinsurance buyers generally saw positive outcomes during the mid-year renewals, finding adequate capacity to meet cedents’ increasing demand for protection...
Marsh McLennan’s Carpenter Launches Capital & Advisory Group, Led by Schnieders June 10, 2024 Guy Carpenter, the reinsurance business unit of Marsh McLennan, announced the formation of the Capital & Advisory group as part...
People Moves: Carpenter’s Global Specialties Unit Taps Partner Re’s Chu for Credit, Bond & Political Risk Team April 11, 2024 Carpenter’s Global Specialties Unit Taps Partner Re’s Chu for Credit, Bond & Political Risk Guy Carpenter, the reinsurance business of...
How Do Insurers Define Systemic Cyber Risk? April 2, 2024 By Elizabeth Blosfield Systemic cyber risk is being discussed as a growing concern for insurers as technology advances and interconnectivity increases, but how...