Guy Carpenter News

Internet of Things Devices Increase Risk of Cyber Attacks on Industrial Sector: Lloyd’s

Internet of Things (IoT) devices are increasing the risk of cyber attacks to industrial and manufacturing businesses, according to a report published by Lloyd’s in partnership with cyber analytics specialist CyberCube and reinsurance broker Guy Carpenter. As cyber threats continue …

Guy Carpenter Appoints Former Gen Re Exec Toffanello as Head of Japan

Guy Carpenter & Co., the reinsurance specialist and a business of Marsh & McLennan Cos., announced the appointment of Pietro Toffanello as head of Japan in Q1 2021. In this role, Toffanello will be responsible for managing Guy Carpenter’s business …

Guy Carpenter Launches Mutual, Agency and Captive Reinsurance Solutions Practice

Guy Carpenter & Co., the reinsurance broker subsidiary of Marsh & McLennan Cos., announced the launch of a new marine & energy mutual, agency and captive reinsurance solutions practice, and the appointment of Demian Smith as managing director to lead …

Guy Carpenter’s Massingham to Join Lockton Re Marine, Energy Division in London

Andy Massingham will be joining reinsurance broker Lockton Re as a senior broker as part of the Marine & Energy Division. He will be based in the London office. Massingham will join from Guy Carpenter which he joined in 2019 …

New Guy Carpenter Unit Serves Carriers, MGAs in Program Business Market

Global reinsurance broker Guy Carpenter & Co. has started a new dedicated unit to provide services to insurance carriers and managing general agencies (MGAs) operating in the program business market. The new unit, GC Access, offers a range of services …

COVID-19 Crisis Renews Attention on Systemic (Uninsurable) Risks

Reinsurers and insurers for years have been worried about systemic risks – those uninsurable risks with the potential of surpassing the capital of the industry. The COVID-19 crisis has renewed attention on these risks, which could also include a global …

Guy Carpenter Taps Miller from Aon to Lead Property Catastrophe UK, Global Specialties

Guy Carpenter & Co., the reinsurance brokerage business of Marsh & McLennan Cos., announced the appointment of Paul Miller to lead Guy Carpenter’s Property Catastrophe value proposition for UK, Global Specialties and key global clients, effective September 2021. Miller will …

Reinsurance Demand Rises, Along with Flight to Quality, Say Industry Experts

Not only has reinsurance buying increased, but there also has been a flight to quality reinsurers by ceding insurance companies, according to several reinsurers and brokers in recent webinars held in lieu of what would have been the reinsurance Rendez-Vous …

Reinsurers Enter January Renewals, Focusing on Underwriting Discipline: Carpenter, Aon

Economic uncertainty and volatility, in combination with COVID-19-related losses, is leading to a heightened level of cautiousness among property reinsurers unless pricing and terms and conditions meet specific thresholds, according to Lara Mowery, global head of distribution, Guy Carpenter. For …

Marsh’s Klisura Is Moving to Guy Carpenter to Be President

Brokers Guy Carpenter and Marsh, two business units of Marsh & McLennan, announced the appointment of Dean Klisura as president of Guy Carpenter, effective October 1, 2020. In this newly-created role, Klisura will be responsible for Guy Carpenter’s North America, …