The Insurance Council of Australia (ICA) has declared a catastrophe for damage caused by hailstorms that struck eastern Melbourne, the Australian Capital Territory and parts of New South Wales on Sunday and Monday (Jan. 19-Jan. 20). Insured losses from the …
Pricing corrections in the property catastrophe reinsurance market over the last few years have been localized and mitigated to some extent by sufficient levels of capacity, according to Guy Carpenter in its January reinsurance renewal report. As a result, pricing …
The January 2020 reinsurance renewals saw significant variation in pricing and capacity depending on geography, line of business, cedents’ loss record and client relationships, according to two reports published by brokers Guy Carpenter and Willis Re. Indeed, the market demonstrated …
Guy Carpenter & Co., the global reinsurance broker and subsidiary of Marsh & McLennan Cos., announced the appointment of Jeff Saper as CEO of the Pacific region, with immediate effect. In his new role, Saper will be responsible for overseeing …
Guy Carpenter & Co., the reinsurance broker and subsidiary of Marsh & McLennan Cos., announced the appointment of Patrick Schepens as CEO of the Benelux region, effective April 2020. Schepens will be responsible for all of Guy Carpenter’s activities in …
Managing General Underwriter Victor is now offering Guy Carpenter clients who are members of U.S. public entity insurance pools a range of property and casualty insurance products not traditionally offered by the pools. Public entity insurance pools provide property and …
Guy Carpenter announced the appointment of Robert Johnston as chairman of Guy Carpenter’s Bermuda operations, and Peter Komposch as head of Casualty and Specialty, Bermuda, with immediate effect. Johnston has nearly 20 years’ experience in Bermuda, most recently as president …
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 …
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 & 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 …
