In his new position, Mr. Petka will assume a senior leadership role within GC Access, responsible for overseeing solution development and client management. Guy Carpenter continues to serve some of its original clients and clients that have come to us in every decade since. Guy Carpenter has developed a range of tools to help companies manage risk. Your broking team will discuss your needs with you and find the best fit to meet your objectives. Most of these tools 'telescope' from the granular to enterprise scale, informing strategic decisions as well as day-to-day transactions. The application helps you: GC AdvantagePoint applies a powerful analytic engine to risk insights previously viewed only in isolation. We deliver insight into the global (re)insurance market to help you achieve your capital, growth and volatility goals. In 1923 Carpenter met with cotton insurance brokers Henry W. Marsh and Donald R. McLennan during a transatlantic crossing. 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. Tim Gardner, CEO of Guy Carpenter North America, and John Trace, president of Guy Carpenter US, will continue in their leadership roles. Why Should You Consider Forming a Captive Insurance Company? Askew was director of Canada at QBE Services Inc. in 2016-17. January 18, 2019 WebWhether seeking to expand into new geographies, diversify balance sheets or use technological advances to aggregate and analyze complex data, Guy Carpenter's Global Strategic Advisory team anticipates and solves for a range of emerging business challenges and opportunities. He succeeds Donald Callahan, who stepped down from the role after 20 years. The merged firm would take the nascent science of quantitative analytics beyond cotton. Narrowing the Protection Gap: Climate Change and the Public Sector. Bradley Maltese, deputy CEO of UK and Europe at JLT Re, will become vice chairman of Global Specialties, reporting to Mr. Boyce. We use cookies to make your website experience better. Securities or investments, as applicable, are offered in the United Kingdom by GC Securities, a division of MMC Securities (Europe) Ltd., which is authorized and regulated by the Financial Conduct Authority. 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. James Boyce, currently deputy CEO Global Specialties and head of Nonmarine Specialties at Guy Carpenter, will become CEO of Global Specialties. With competition and change still the defining factors in todays market, The InsurTech COE will offer a broad range of reinsurance broking, advisory and analytical services customized for the bespoke needs of (re)insurance carriers and MGAs operating on cutting-edge technology-driven platforms. Guy Carpenter was founded in 1922. Jeremy Fox, CEO of JLT Re Asia Pacific, will become chairman of Guy Carpenter Asia Pacific, reporting to Tony Gallagher, CEO of Guy Carpenter Asia Pacific. 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. WebAs a leading integrated solutions provider to the (re)insurance industry, Guy Carpenter delivers a powerful combination of broking expertise, strategic advisory services, and Until this past March, Lundy was national business unit leader, general industries at Purves Redmond Limited. 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 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. 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. The rolling average identified the signal in the noise of year-to-year fluctuations. 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. Analytics professionals dovetail with our Business Intelligence specialists who compile market data for benchmarking and pricing strategies. Narrowing the Protection Gap: Climate Change and the Public Sector. Tim Gardner, CEO of Guy Carpenter North America, and John Trace, president of Guy Carpenter US, will continue in their leadership roles. Find the latest insights from Guy Carpenter and Marsh McLennan expertson the issues impacting your risk, capital and strategic goals. Previously Head of Guy Carpenters Program division, Mr. Jameson will be responsible for overseeing |. Technology-enabled analytics put you in control. Carpenter insisted on clarity: Contracts were more inclusive, citing only those perils that were excluded. 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. For the first time, producers and insurers could anticipate rates and manage costs. Callahan will remain with Guy Carpenter in Canada, dedicating his time and expertise to working with clients. New Role: President and CEO of Guy Carpenter & Company LLCs Canadian operations. Or find and follow Reinsurance News on social media. In Canada, Guy Carpenter has offices in Toronto and Montreal. Profile: Executive vice president of Benfield Canada from 1999 through 2009. He will report directly to Robert Johnston and John Fletcher, CEO of Bermuda. Commenting on these appointments, Mr. 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. 07337195 WebJohn J. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy. The Companys 78,000 colleagues advise clients in 130 countries. WebView John J Trace's profile for company associations, background information, and partnerships. He joins from Willis Re, where he was Executive Vice President managing a team focused on MGA and program business. 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. John J. He is a member of the firm's Executive Committee. Deeply specialized quantitative skills and Find the latest insights from Guy Carpenter and Marsh McLennan expertson the issues impacting your risk, capital and strategic goals. New and evolving criteria, untimely requests for information during and post events, poor or little analyst communication are just a few challenges in todays complex and uncertain environment that make managing credit ratings increasingly difficult. 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 >>. Mr. Fisher, Mr. Boyce, and Mr. Morgan's appointments are effective immediately. The COE will build upon the many successes that Guy Carpenter has achieved in the InsurTech space to date, which began in 2018 with the creation of GC Genesis as an advisory offering. We have 220,000+ monthly reinsurance news readers & 18,000+ daily email subscribers. The COE will facilitate Guy Carpenters delivery of specialized capabilities for these clients and prospects, including market-entry analysis, portfolio construction, actuarial support, rating advisory and capital modeling. He is a member of the firm's Executive Committee. Marsh McLennan is the leader in risk, strategy and people, helping clients navigate a dynamic environment through four global businesses. The program market has expanded rapidly in recent years, creating huge potential for our clients to grow and capitalize on the significant opportunities that exist in this sector, Jameson said. 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. 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. This company GC AdvantagePoint integrates point-of-sale decision making with strategic portfolio planning and performance management in a single, easy-to-use solution. 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. James Nash will continue as CEO of Guy Carpenter International. 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. October 19, 2020 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. Search our database of over 100 million company and executive profiles. All other Guy Carpenter Executive Committee members will continue in their current roles. Leading the team, Max Aronchick brings many years of experience within Guy Carpenter. John led the development of GC Marketplace and has led the Market Relationship Management initiative in the U.S. Guy Carpenter has hired over 150 brokers globally in less than a year from its two main competitors Aon and Willis Towers Watson as their merger saga wound on, ultimately collapsing. 24. 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. Marsh McLennan is the leader in risk, strategy and people, helping clients navigate a dynamic environment through four global businesses. Marsh McLennan is the leader in risk, strategy and people, helping clients navigate a dynamic environment through four global businesses. We deliver insight into the global (re)insurance market to help you achieve your capital, growth and volatility goals. | Prior to this role, he was President, US and was responsible for Guy Carpenter's New York Metro Treaty Region. Carpenter had a better idea: rates based on a rolling average of losses over many years. 2. See John J Trace's compensation, career history, education, & memberships. WebGuy Carpenters Ratings Advisory Team consists of experienced professionals that help clients effectively and efficiently manage their rating agency relationship. Only email is mandatory, but the more you tell us about yourself the better we can serve you in future. Trace said: I am delighted to welcome Robert and Peter to Guy Carpenter. Through this arrangement, Celent will provide market-leading intelligence on insurance technology to Guy Carpenters clients. A year of big losses pushed the next years John led the development of GC MarketPlace and has led the Market Relationship Sponsor Us 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. Matthew EagleHead of International AnalyticsP: +44.20.7357.5248 Keith Harrison, CEO of United Kingdom and Europe at JLT Re, will become head of London North America for Guy Carpenter. Measure the risk that inflation poses to reserves. Guy Carpenters long-term commitment to maintaining a deep talent pool is clearly evidenced by Peters promotion, John Trace, Guy Carpenters CEO of North Refine See titles to watch instantly, titles you haven't rated, etc. 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. 1. Guy Carpenters MetaRisk Reserve predictive modeling tool for reserve risk is the first of its kind: a tool so easy to use that it can be integrated into a spreadsheet with any data, allowing our clients to perform sophisticated analyses to: MetaRisk Reserve captures hidden inflationary trends in historical data, enabling clients to model how inflation increases alter their reserve picture going forward. For the best experience we recommend upgrading to the latest version of these supported browsers: I wish to continue viewing on my unsupported browser. 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. John Trace is currently Head of Global Facultative Buisness and Chief Operating Officer, US Operations at Guy Carpenter Facultative and Head of Global Marsh McLennan is the leader in risk, strategy and people, helping clients navigate a dynamic environment through four global businesses. About Us Guy Carpenters Ratings Advisory Team consists of experienced professionals that help clients effectively and efficiently manage their rating agency relationship. Director of Canada at QBE Services Inc. in 2016-17. Our dedicated experts, cutting-edge tools and data insights lead your business to smarter solutions. Connections. The unit offers a range of services to carriers and MGAs operating in the dynamic program market, including carrier and reinsurance transactions, captive support, insurtech expertise and program startup roadmaps. Our job is putting knowledge at your fingertips and know-how in the room.
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