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Guy Carpenter brings together the world's top (re)insurance specialists, industry-leading analytics and the financial strength of Marsh McLennan to offer you a vast network of expertise across a broad range of industries and capabilities. This integrated solution helps Guy Carpenter clients enhance underwriting discipline, improve profitability and drive growth. This experience and expertise is a valuable resource for clients to help mitigate the cost and time needed to manage ratings. We have 220,000+ monthly reinsurance news readers & 18,000+ daily email subscribers. At the same time, re/insurance business models have been progressing alongside developments in data, information and technology, which are influencing the way companies analyse, select, distributed and mitigate risk. Simon Keeley, currently head of London North America for Guy Carpenter, and Mark Higgins, currently head of London North America for JLT Re, will both report to Mr. Harrison and form part of the senior leadership team that will integrate the businesses and position the combined entity for continued growth. Refine See titles to watch instantly, titles you haven't rated, etc. Whether you are Find the latest insights from Guy Carpenter and Marsh McLennan expertson the issues impacting your risk, capital and strategic goals. WebAs a young man in the cotton insurance business, Guy Carpenter discovered that the business was haphazard and reactive. 07337195 Based in Dallas, Texas, they will report to Michael Jameson, President, GC Access. Shiv Kumar will continue as president of Guy Carpenter Securities, responsible for the insurance-linked securities and mergers and acquisitions practices. Guy Carpenter has pioneered flood modeling in Europe, Latin America and Asia, including the first flood models for several Chinese cities. 2. It will not only help us further strengthen the partnerships we have developed with numerous carriers and MGAs at the leading edge of InsurTech, but also open up considerable new opportunities to grow our presence in this highly relevant space., Guy Carpenter, Marsh McLennan, InsurTech Center of Excellence, Reinsurance, Managing General Agent, MGA, Max Aronchick, John Trace, Will Garland. John Trace, Guy Carpenters CEO of North America, commented on the smooth transition between Askew and Don Callahan, who is well-known in Canadian P&C Weve seen how everything from minor inconveniences to significant disruptions can send the supply chain spiraling, causing product shortages, port congestion, imbalances in supply and demand, price hikes, and more. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Analysts at JP Morgan have estimated that total natural catastrophe , Specialist analytics and consulting firm Insurance Capital Markets Research (ICMR) , P&C insurer Chubb has appointed industry veteran Steven M. Hill . Mr. Aronchick has a strong track record in the P&C space and has led many key initiatives that brought innovative transactions to market, both with established carriers as well as tech-enabled underwriting entities. January 18, 2019 A year of big losses pushed the next years Ed Hochberg, CEO of JLT Re in North America, will become head of the Global Capital Solutions practice, advising clients on capital, reinsurance optimization, and risk transfer solutions. At the beginning of the 20th Century, cotton production was the most important commercial enterprise in the American South, making the insurability of harvested cotton vital to the economic stability of the region. Guy Carpenter brings together the world's top (re)insurance specialists, industry-leading analytics and the financial strength of Marsh McLennan to offer you a vast network of expertise across a broad range of industries and capabilities. Furthermore, managing your rating agency relationship(s) is increasingly costly in terms of both time and resources as the risk landscape transforms quickly and rating agencies react. About Us Petka will assume a senior leadership role within GC Access, where he will be responsible for overseeing solution development and client management. Matt and Riley are both seasoned practitioners in the MGA arena who bring depth of market insight that is critical to developing the fully optimized program solutions we deliver for our clients., John Trace, CEO, North America, Guy Carpenter, added: GC Access has already helped to set a new standard for program delivery in the MGA sector since its launch in 2020. Our dedicated experts, cutting-edge tools and data insights lead your business to smarter solutions. Our solutions coalesce client data once visible only in isolation to enable data-driven decisions in real time. As a young man in the cotton insurance business, Guy Carpenter discovered that the business was haphazard and reactive. WebJohn J. Locations. Narrowing the Protection Gap: Climate Change and the Public Sector. The members of the Guy Carpenter Executive Committee are deeply experienced in every facet of the insurance and reinsurance industry, in every region of the world. Marsh McLennan is the leader in risk, strategy and people, helping clients navigate a dynamic environment through four global businesses. Our deep analysis of industry segment breakouts reveals pockets of volatility and profitability amid the evolving challenges and opportunities faced by carriers as they carve out distinctive strategies and operational initiatives to create opportunities, said Trace. by Canadian Underwriter Staff. 24. Mr. Harrison will join the Guy Carpenter Executive Committee and will support the overall integration of JLT Re's UK and European businesses with Guy Carpenter. He is a member of the firm's Executive Committee. October 19, 2020 Or find and follow Reinsurance News on social media. Guy Carpenters long-term commitment to maintaining a deep talent pool is clearly evidenced by Peters promotion, John Trace, Guy Carpenters CEO of North America, commented. WebJameson will be responsible for overseeing all activities across the new unit and will report to John Trace, Guy Carpenters CEO of North America. Guy Carpenter delivers a powerful combination of broking expertise, trusted strategic advisory services and industry-leading analytics to help clients adapt to emerging opportunities and achieve profitable growth. James Nash will continue as CEO of Guy Carpenter International. Most recently, he was Senior Vice President responsible for new account production and account management. Kevin Fisher, currently CEO of Guy Carpenter Global Specialties, will become chairman of Guy Carpenter UK & Specialties. Mr. Underwood is a highly accomplished senior broker who also joins from Willis Re. For the first time, producers and insurers could anticipate rates and manage costs. He joins from Willis Re, where he was Executive Vice President managing a team focused on MGA and program business. From 1999 through 2009, Askew was executive vice president of Benfield Canada. Our team assists a large and diverse client base that allows for deep insights into the interpretation of rating criteria. All content copyright Steve Evans Ltd. 2021 All rights reserved. At Guy Carpenter North America, Tim Gardner, CEO of GC North America, and John Trace, president of GC U.S., will continue in their leadership roles. Understanding the unique perspectives of each rating agency is paramount to managing credit ratings. WebDas Organigramm von Guy Carpenter Facultative zeigt 17 Fhrungskrfte, einschlielich einschlielich John Trace, Robert Johnston, Laurence Upton und Jessie Zhang We use cookies to provide a better service. The company currently maintains a large portfolio of InsurTech clients totaling nearly $3 billion in direct written premium (DWP), including many of the initial public offering (IPO) and special purpose acquisition companies (SPAC) transactions. In addition, companies have begun to think about how to translate this all into strategic evaluations of which lines/insureds are driving loss cost increases, rather than broadly passing rate increases to the entire portfolio.. Aerial drone technology offers enormous potential in pre-disaster planning and for assessing damage after a catastrophe. Mr. Fisher, Mr. Boyce, and Mr. Morgan's appointments are effective immediately. Instant Watch Options; In this role, he will lead the London division of Guy Carpenter's North America business, reporting to Mr. Gardner. Back in January, Guy Carpenter unveiled a new division and a series of leadership appointments that will come into being once MMCs acquisition of JLT Phone: (212) 345-5000. WebGuy Carpenter analytics professionals provide critical measurement and insight in an industry where knowledge is a competitive advantage. Website Privacy & Cookies and Disclaimer. John led the development of GC MarketPlace and has led the Market Relationship In Canada, Guy Carpenter has offices in Toronto and Montreal. Marsh McLennan is the leader in risk, strategy and people, helping clients navigate a dynamic environment through four global businesses. WebGuy Carpenters David Priebe, Chairman, and John Trace, CEO, North America, joined The Insurer TVs Leading Voicesseries to discuss conditions connected with January 1 renewals Overview. In Guy Carpenter North America, Tim Gardner, CEO of GC North America, and John Trace, President of GC U.S., will stay in their leadership roles. Marsh McLennan is the leader in risk, strategy and people, helping clients navigate a dynamic environment through four global businesses. Guy David Flandro, global head of analytics at JLT Re, will become global head of economics and franchise risk advisory, reporting to Rob Bentley, CEO of Guy Carpenter Global Strategic Advisory. Most recently COO of American International Group (AIG) Canada, Lipman took over the role from Lisa Duval, who had served as Lloyds Canadas interim attorney-in-fact and chief agent since 2019. Guy Carpenters Reinsurance Decision Tool provides you a transparent balanced scorecard of those metrics, giving you confidence in understanding and communicating the value of your reinsurance purchases. E: Matthew.Eagle, David M. LightfootHead of GC Analytics - AmericasP: +1.917.937.3195 Guy Carpenter continues to serve some of its original clients and clients that have come to us in every decade since. He is a member of the firm's Executive Committee. John led the development of GC MarketPlace and has led the Market Relationship Management initiative in the US. Most share a similar criteria structure (balance sheet, operating performance, business profile) but the similarities diminish as you take a closer look across the rating agency landscape to the scope, experience and coverage of each rating firm. Find the latest insights from Guy Carpenter and Marsh McLennan expertson the issues impacting your risk, capital and strategic goals. John led the development of GC Marketplace and has led the Market Relationship Management initiative in the U.S. He succeeds Donald Callahan, who stepped down from the role after 20 years. Sponsor Us Reinsurance buyers need to demonstrate benefits to many different constituents, each of whom focuses on different key decision metrics: ceded premium, capital cost savings, combined ratio benefit, earnings stabilization, even rating agency capital adequacy. Steve Evans Ltd. registered in England No. The Global Capital Solutions Group will be led by David Priebe, Guy Carpenter's vice chairman, and will be made up of Global Capital Solutions and Guy Carpenter Securities. Guy Carpenters Model Suitability Analysis (MSA) puts alternative catastrophe models through a rigorous comparison, identifying strong points and deficits. Marsh McLennan is the leader in risk, strategy and people, helping clients navigate a dynamic environment through four global businesses. Find the latest insights from Guy Carpenter and Marsh McLennan expertson the issues impacting your risk, capital and strategic goals. Your broking team will discuss your needs with you and find the best fit to meet your objectives. New Role: President and CEO of Guy Carpenter & Company LLCs Canadian operations. We've become a happy home for some talent that was out there, that was looking for a more stable platform to work off, he said. He will report directly to Robert Johnston and John Fletcher, CEO of Bermuda. Commenting on these appointments, Mr. All rights reserved. Through the range of services and analytical solutions that Michael and the team offer, we are helping position our clients to capitalize on the expanding opportunities this sector provides. Callahan will remain with Guy Carpenter in Canada, dedicating his time and expertise to working with clients. | Having good data and analytics alone will not be enough, it warned, as successful firms will be those who are able to leverage data and turn it into actionable strategies that create opportunities for growth. We deliver insight into the global (re)insurance market to help you achieve your capital, growth and volatility goals. Trace said: I am delighted to welcome Robert and Peter to Guy Carpenter. Commenting on the appointments, Mr. Jameson said: Todays announcement of these two senior appointments demonstrates our full commitment to building on the considerable success achieved to date by GC Access. Rating agencies universally evaluate and assess a companys ability to understand and effectively manage risk relative to capital. John Trace has been working as a Chief Executive Officer (North America) at Guy Carpenter for 19 years. In addition, Mr. Maltese will work with the senior leadership team to further develop and grow the Global Specialties client offering and will also play a key role in executing the integration of the JLT Re Specialty practices with Guy Carpenter. Specialized centers of excellence that focus market knowledge and analytics on unique challenges, The first integrated financial analysis platform to support clients reinsurance and capital decisions, The first analytic solution to manage potential risk accumulation in personal accident portfolios, Cross-industry collaboration with the World Bank to reduce disaster vulnerability in developing regions, Pioneering flood models in Europe, Latin America, Asia and South Asia, The first analytic tool that assesses the profitability of policies being written and the profitability of entire portfolios, The first frequency and severity model for Directors & Officers liability in U.S. publicly traded corporations, The first exposure rating tool to pinpoint costly excess losses in workers compensation portfolios, Capital adequacy projection and benchmarking tools to prepare European Union clients for regulatory changes. Our job is putting knowledge at your fingertips and know-how in the room. John Trace was meeting with a small group on the 52nd floor of the World Trade Centers south tower, the headquarters for Guy Carpenter & Co. Marsh McLennan is the leader in risk, strategy and people, helping clients navigate a dynamic environment through four global businesses. Additionally, as part of its further expansion into the InsurTech arena, effective January 1, 2022, Guy Carpenter will expand its relationship with Celent, a leading financial technology analyst firm that is part of Marsh McLennans Oliver Wyman Group, focused on providing technology research and advisory services for insurers and other financial institutions globally. Tim Gardner, CEO of Guy Carpenter North America, and John Trace, president of Guy Carpenter US, will continue in their leadership roles. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy. Where models are insufficient or non-existent we have developed our own. Guy Carpenter, the reinsurance broking arm of Marsh McLennan, has appointed Matt Petka as Managing Director and Riley Underwood as Senior Vice President within its GC Access business unit. By bringing together an extensive team of sector experts exclusively dedicated to this rapidly evolving environment, our aim is to provide the most relevant services and solutions, coupled with market insight and intelligence to support industry innovation., Will Garland, President, Centers of Excellence, Guy Carpenter, added: The establishment of the InsurTech COE is a clear next step for Guy Carpenter. Contract language written by Carpenter himself still appears in reinsurance contracts issued by our company and its competitors around the world. This company Mr. Harrison will also lead the formation of a new London-based operation to service and source business nonaffiliated with Guy Carpenter, which will be overseen by Peter Hearn, president and CEO of Guy Carpenter. Most of these tools 'telescope' from the granular to enterprise scale, informing strategic decisions as well as day-to-day transactions. Mr. Fisher will continue working with the leadership team to deliver enhanced client solutions across the UK and Global Specialties platform. The Carpenter Plan enabled insurance of all losses over a certain level. Our ability to continually attract great talent to our organization is a further testament to the leading position that we have established., Click here to register to receive e-mail updates >>. WebGuy Carpenter brings together the world's top (re)insurance specialists, industry-leading analytics and the financial strength of Marsh McLennan to offer you a vast network of We use cookies to make your website experience better. Mr. Harrison will be responsible for new business production, client management, and delivering advisory, growth, and placement expertise, as well as access to the London market for North American clients. Save my name, email, and website in this browser for the next time I comment. We are the industry leader in automatic and semiautomatic programs that enable clients to address individual risks with precision Facultative Reinsurance | Guy Carpenter GLOBAL LOCATIONS WebGuy Carpenter places over $1.6 billion in facultative reinsurance, tapping global markets to find the most comprehensive and competitive terms for our clients. See John J Trace's compensation, career history, education, & memberships. Why smaller brokerages have an edge in the talent war, What the IFRS 17 temporary adjustments mean for insurers, How to digitize traditional brokerages without breaking the bank, What brokers can anticipate from Gore Mutual in 2023, Going down the rabbit hole of customer reviews. For the best experience we recommend upgrading to the latest version of these supported browsers: I wish to continue viewing on my unsupported browser. About Guy Carpenter. Reach the largest reinsurance audience. WebJohn J. WebAs a leading integrated solutions provider to the (re)insurance industry, Guy Carpenter delivers a powerful combination of broking expertise, strategic advisory services, and Along with quantitative precision, precise language became a hallmark of the firm. All other Guy Carpenter Executive Committee members will continue in their current roles. Guy Carpenter & Company, LLCis a leading global risk and reinsurance specialist with more than 3,200 professionals in over 60 offices around the world. Follow. Carpenter insisted on clarity: Contracts were more inclusive, citing only those perils that were excluded. Required fields are marked *. Guy Carpenter was founded in 1922. Previously Head of Guy Carpenters Program division, Mr. Jameson will be responsible for overseeing Guy Carpenter products integrate data sets that usually live in isolation, enabling clients to see and manipulate the whole mosaic of factors that drives risk and profitability. WebMain Office: 1166 Avenue of the Americas, New York, NY 10036. Through this arrangement, Celent will provide market-leading intelligence on insurance technology to Guy Carpenters clients. In its 2019 Risk Benchmark Research, Guy Carpenter reported that property lines in excess of $200 billion of written premiums are experiencing pressure due to catastrophes, reinsurer rate actions and atypical reserve adverse development. Prior to this role, he was President, US and was responsible for Guy Carpenter's New York Metro Treaty Region. For them, and those who join us today, the durability of the firms leadership is more than a fact. GC AdvantagePoint integrates point-of-sale decision making with strategic portfolio planning and performance management in a single, easy-to-use solution. Get in touch directly using our contact form. Commenting of the brokers annual review of property and casualty (P&C) results, Trace noted that new sources of capital and low interest rates are increasing the pressure to focus on underwriting rather than investment returns. John Trace is currently Head of Global Facultative Buisness and Chief Operating Officer, US Operations at Guy Carpenter Facultative and Head of Global It helps Guy Carpenter clients fine-tune their own tolerances for risk and evaluate not simply accept a models result. We deliver that person. The use of this game-changing disaster response technology provides benefits in the real time management and assessment of catastrophes, said John Trace, Guy Carpenter executive vice president. Marsh McLennan is the leader in risk, strategy and people, helping clients navigate a dynamic environment through four global businesses. The rolling average identified the signal in the noise of year-to-year fluctuations. With competition and change still the defining factors in todays market, Narrowing the Protection Gap: Climate Change and the Public Sector. WebAll of John Carpenter's movies, ranked by my personal preference. Askew has been a managing director at Guy Carpenter, a reinsurance broker and advisor owned by Marsh & McLennan Companies Inc., for all but one year since 2009. In his new position, Mr. Petka will assume a senior leadership role within GC Access, responsible for overseeing solution development and client management. With competition and change still the defining factors in todays market, re/insurers must carve out distinctive strategies to maximise their potential for success, according to John Trace, CEO, North America, at Guy Carpenter. Market competition demands distinctive strategies: John Trace, Guy Carpenter. Randy Carroll, CEO of the Insurance Brokers Association of Ontario (IBAO) from 2005 through 2014, is now an advisor with Apollo, a Toronto-based insurtech that aims to cut down the amount of time it takes a broker to process applications. WebGuy Carpenters Ratings Advisory Team consists of experienced professionals that help clients effectively and efficiently manage their rating agency relationship. Patrick Lundy, CEO of Zurich Canada from 2012 through 2017, is now NFP Canadas senior vice president of manufacturing and real estate. Get reinsurance news by email here. Trace is CEO of North America. WebView John J Trace's profile for company associations, background information, and partnerships. Top Global Insurance & Reinsurance Brokers, Nat cat insured losses in Q1 between $6-8bn thus far, says JP Morgan, ICMR forecasts below 90% combined ratio for Lloyds, Chubb names head of Management Liability for NA Financial Lines. Keith Harrison, CEO of United document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); The past few years have felt like a lesson in supply chain fragility. The Companys 78,000 colleagues advise clients in 130 countries. Our dedicated experts, cutting-edge tools and data insights lead your business to smarter solutions. Measure the risk that inflation poses to reserves. The merged firm would take the nascent science of quantitative analytics beyond cotton. The application helps you: GC AdvantagePoint applies a powerful analytic engine to risk insights previously viewed only in isolation. Commenting on the launch, John Trace, CEO of North America at Guy Carpenter, said: GC Access truly represents the scale and scope of capabilities and expertise that Guy Carpenter can bring to support this important client segment. The systematic approach does more than test the models. Bradley Maltese, deputy CEO of UK and Europe at JLT Re, will become vice chairman of Global Specialties, reporting to Mr. Boyce. This field is for validation purposes and should be left unchanged. Guy Carpenter is part of the Insurance industry, and located Find the latest insights from Guy Carpenter and Marsh McLennan expertson the issues impacting your risk, capital and strategic goals. Analytics professionals dovetail with our Business Intelligence specialists who compile market data for benchmarking and pricing strategies. Advisors whove been there. Connections. Who in Guy Carpenters world knows the most about the challenge you face? 1. Whether you are seeking a rating for this first time or have a team of personnel dedicated to managing your rating agency relations, our team of Ratings Advisory experts have unique insights and understanding of rating criteria and its application. Trace is CEO of North America. WebGuy Carpenter Contact Info: Phone number: (917) 937-3000 Website: www.guycarp.com What does Guy Carpenter do?