Guy Carpenter News

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, …

Willis Re’s Livingston Joins Guy Carpenter in New Global Head of Sales Role

Reinsurance broker Guy Carpenter & Co. has named Jeffrey Livingston as global head of Sales, effective September 1. Livingston will also join the Guy Carpenter Executive Committee. In this newly created role, Livingston will be responsible for leading all of …

Marine Insurance Losses Likely to Be Under $250M from Beirut Port Blast: Carpenter

Insurance claims for damage to ships, goods and the port itself after a warehouse explosion last week in the port of Beirut were likely to total less than $250 million, reinsurance broker Guy Carpenter said on Monday. Overall insured losses …

Guy Carpenter Appoints Askew as Canada President and CEO, Succeeding Callahan

Guy Carpenter & Co., the reinsurance broker and unit of Marsh & McLennan Cos., announced the appointment of Peter Askew as president and CEO, of Guy Carpenter’s Canadian business, with immediate effect. Donald Callahan has stepped down from the role …