Guy Carpenter News

People Moves: Guy Carpenter Names N. America GC Access Exec Team; Marsh Promotes Perry for Political Risk & Structured Credit; WTW’s Hodgkinson to Join BMS Asia

This edition of International People Moves details appointments at three brokers: Guy Carpenter, Marsh and BMS. A summary of these new hires follows here. Guy Carpenter Announces GC Access Leadership in North America Reinsurance broker Guy Carpenter announced the appointments …

People Moves: Former Pool Re CEO Enoizi Named Carpenter’s Head of Public Sector; AGCS Hires BHSI’s Maxwell as Global Head of Financial Lines

This edition of Internation People Moves details appointments at Guy Carpenter and Allianz Global Corporate & Specialty. A summary of these new hires follows here. Former Pool Re CEO Enoizi Named Carpenter’s Head of Public Sector Guy Carpenter, the reinsurance …

Many Re/Insurance Buyers Are ‘Frustrated’ With Multiple Years of Price Rises

Frustration is setting in for commercial insurance buyers subjected to multiple years of price rises, especially those that have improved their risk profiles by de-risking and elevating risk management, according to a recent report published by Howden. And that frustration …

COVID-19 Claims of $44B Are 3rd Largest Catastrophe Loss: Howden

Insured losses of $44 billion from COVID-19 so far represent the third largest cost to insurers of any catastrophe, behind Hurricane Katrina and the 9/11 attacks, insurance broker Howden said on Tuesday. However, initial projections of $100 billion-plus for COVID-19 …

January Renewals ‘Orderly’ but Loss-Affected Programs Saw More Challenges: Carpenter

The January 1 renewals saw “ample capacity” for many lines, although reinsurers adjusted their risk appetite and pricing “for certain sectors in response to ongoing and emerging challenges,” according to a report from Guy Carpenter, the reinsurance unit of Marsh …

Guy Carpenter and Marsh to Combine South Africa Facultative Reinsurance Businesses

Reinsurance broker Guy Carpenter and insurance broker Marsh, both businesses of Marsh McLennan, said they are combining their South Africa facultative reinsurance operations into a single business, effective Jan. 1, 2022. The new unit will operate under the Guy Carpenter …

Guy Carpenter Launches Global Insurtech Center of Excellence

Guy Carpenter & Co., the reinsurance brokerage business of Marsh McLennan, announced the launch of the Guy Carpenter Insurtech Center of Excellence (COE) to provide comprehensive services to global re/insurance carriers and managing general agents (MGAs), powered through modern technology …

Guy Carpenter Launches European Wildfire Risk Score as Exposure Management Tool

Guy Carpenter & Co., the reinsurance business of Marsh McLennan has announced the launch of a Wildfire Risk Score designed to help clients manage their exposure to the evolving risk of wildfire across Europe. The solution builds on the approach …

Marsh McLennan Launches Cyber Risk Analytics Center

Marsh McLennan announced the launch of its Cyber Risk Analytics Center, a resource that brings together the cyber risk data, analytics and mitigation expertise of its four businesses and other business, government and academic partners. The cross-enterprise center’s participants— Marsh, …

Global Construction Industry Faces Climate Change Challenges, Opportunities: Marsh

Climate change and the race to net zero greenhouse gas emissions (net zero) are arguably the greatest challenges that face the construction industry – but will drive new opportunities, according to a report published by Marsh and Guy Carpenter, subsidiaries …