Guy carpenter News

People Moves

Guy Carpenter appoints CEO of GC Stockholm Guy Carpenter & Company, LLC, a global risk and reinsurance specialist and a wholly owned subsidiary of Marsh & McLennan Companies, appointed Tobias Andersson as CEO of GC Stockholm, effective April 1, 2017. …

Business News

NORCAL Mutual Subsidiary Renamed to NORCAL Specialty NORCAL Mutual Insurance Company’s Pennsylvania-based wholly-owned subsidiary, PMSLIC Insurance Company, has been renamed NORCAL Specialty Insurance Company, pending additional regulatory approvals. NORCAL Specialty is the NORCAL Group’s surplus lines carrier. The name change …

Though Quiet Hurricane Season Expected, El Nino May Not Temper Landfalling Storm

While hurricane activity for the Atlantic Basin is projected to be below average for the 2015 season, impactful landfalls can occur in any hurricane season even those of reduced activity, according to Guy Carpenter & Company, LLC, a global risk …

Taiwan Faces Greatest Tsunami Risk: Guy Carpenter

A new report finds that southwest Taiwan, specifically, up to 4 meters at the Port of Kaohsiung, Taiwan’s principal port and the sixth largest container port in the world has the greatest tsunami risk. Guy Carpenter & Company, a global …

Global Cat Report Finds 2014 Insured Losses Lowest in 5 Years

In 2014, significant insured losses totaled approximately $33 billion, a dramatic drop compared to the historic insured losses seen in 2011, which totaled approximately $126 billion. Guy Carpenter & Company, a global risk and reinsurance specialist and a wholly owned …

Reinsurance Renewals Reflect Unsettled Market: Guy Carpenter

The Florida reinsurance renewals on June 1, 2011, experienced a wide range of outcomes, as substantial catastrophe losses combined with two major catastrophe model revisions over the past 16 months led to a volatile renewal season, according to reinsurance specialist …