All Guy Carpenter articles
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NewsGuy Carpenter: Many cedants leveraged casualty to complete “tougher” property placements at 1.1
In an interview with The Insurer TV, Guy Carpenter executives David Priebe and John Trace identified the wide range of views on inflation and many buyers leveraging their casualty placements to get their property programs completed as two trends to emerge from a “nerve-racking” 1.1 renewal.
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Analysis
Reinsurers adjust appetite amid rising loss frequency
Early broker reports published over the past 24 hours have pointed towards overall property reinsurance rate rises close to or in the double-digit range at 1 January – well above analyst expectations of mid-single-digit increases.
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News
Guy Carp Global Property Cat ROL Index up 10.8% at 1.1
The 10.8 percent increase in Guy Carpenter’s Global Property Rate-on-Line (ROL) Index was the biggest seen since 2006 and is likely to be viewed as a good outcome for reinsurers based on expectations going into the 1 January renewal, according to equity analysts.
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News
Guy Carpenter names Swiss Re’s Modugno as MD of European fac business
Guy Carpenter has appointed Vito Modugno as managing director of its facultative practice in Continental Europe.
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News
GC adds to consensus around >$5bn tornado loss as US counts costs of another severe weather outbreak
Reinsurance broker Guy Carpenter has said insured losses from the 10 December tornado outbreak in the US could reach the mid-single digit billions of dollars, but played down early projections of losses of $7bn or more as “aggressive”.
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News
Guy Carpenter hires WTW’s Sanday to head UK&I life
Guy Carpenter has appointed Isaac Sanday as head of UK and Ireland life.
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News
GC and Marsh combine South Africa fac reinsurance operations
Marsh McLennan’s reinsurance intermediary Guy Carpenter and primary broker Marsh are to combine their South African facultative reinsurance operations into a single business.
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News
Marsh McLennan restructures senior management as Doyle elevated to group president and COO
Marsh McLennan has restructured its senior leadership team with John Doyle elevated to group president and COO while Dean Klisura succeeds Peter Hearn as CEO of Guy Carpenter, the group’s reinsurance arm.
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News
Guy Carp’s Trace: Cyber market expected to quadruple to $20bn in next 3-5 years
The cyber (re)insurance sector could balloon in size to north of $20bn in the next three to five years, with the class witnessing a “ton of rate coming into the market”, according to Guy Carpenter’s North America CEO John Trace.
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News
Marsh McLennan on track for “terrific year” after 13% organic growth in Q3
Marsh McLennan has reported underlying growth of 13 percent for the third quarter, marking the second consecutive reporting period in which the business has recorded its highest level of organic growth in over two decades.
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Viewpoint
Data-driven advancements in European wildfire risk management
As greater regulatory and industry attention is paid to the evolving risk landscape, Guy Carpenter’s Dr Jessica Turner explains why a data-driven approach to assessing and managing wildfire risk is beneficial.
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News
Guy Carp and Willis Re resolve disputes over LatAm hires
Two lawsuits related to Guy Carpenter’s hire of 24 Latin America-focused brokers from Willis Re have been resolved, with the individual defendants in the cases - including former Willis Re Latin America and Caribbean chairman Anthony Phillips - now free to solicit business.
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News
Guy Carp recruits again from Willis Re with Harrison Pepper hire
Willis Re’s Harrison Pepper is set to exit the broker and join Guy Carpenter as senior vice president within its global marine and energy operations, The Insurer can reveal.
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News
GC Securities’ Potter steps away after 40 years in industry
Des Potter is retiring as managing director of GC Securities after almost a decade at the Marsh McLennan-owned intermediary.
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News
Guy Carp’s Fuller: Property reinsurers remain disciplined despite excess capacity
Excess property reinsurance capacity may have reached levels historically associated with soft markets, but carriers have maintained pricing discipline and their appetite for catastrophe risk remains “very strong”, according to Guy Carpenter’s North America Property Center of Excellence head Randy Fuller.
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Viewpoint
Building community financial resilience
Guy Carpenter’s Jake Clark and Alton Byrd highlight how the industry can provide solutions to build resilience in the aftermath of disasters.
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Viewpoint
Cyber insurance – the year of change
Erica Davis and Anthony Cordonnier discuss how (re)insurers are adopting new underwriting tactics to address the evolving cyber risk environment.
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News
European cat rates to climb at 1.1 after 2021 losses as GC encourages clients to continue to seek broad coverage
European cat rates will increase at 1 January after the severe summer floods and wildfires but reinsurers will be on notice to ensure they are reasonable and reflective of underwriting exposures, according to Guy Carpenter’s Europe CEO Massimo Reina.
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News
Large cyber writers’ demand for agg coverage grows
Insurers’ appetite for cyber reinsurance coverage continues to grow with demand among larger cedants increasing for aggregate protections to sit alongside their existing proportional coverages, Guy Carpenter’s Erica Davis said on Thursday.
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News
Guy Carp’s Mowery: No “one-size-fits-all” answer to whether Ida is one event or two
There is no clean-cut answer whether the devastation caused by Hurricane Ida in Louisiana and the northeast US will count as one event or two under reinsurance programs owing to the variability across wordings in any given cedant’s coverage, according to Guy Carpenter’s Lara Mowery.
