March 1st, 2011

Reactions Magazine Recognizes Two Guy Carpenter Specialists as Industry “Rising Stars”

Posted at 10:00 AM ET

Reactions magazine has selected two Guy Carpenter & Company specialists as part of its sixth annual “Rising Stars” feature. Published in the February issue, the prestigious list honors the “names to watch in insurance, reinsurance and broking,” those recognized as having the potential to serve as “the next generation of leaders in the insurance industry.”

Timothy Potero, the firm’s Deputy Chief Compliance Counsel, has been selected a “Rising Star.” Based in Guy Carpenter’s Philadelphia office, Mr. Potero is responsible for developing, implementing and overseeing Guy Carpenter’s corporate compliance programs, as well as monitoring all developments regarding (re)insurance legislation and regulation. He also heads Guy Carpenter’s insolvency unit. A graduate of Syracuse University and Southwestern University, Mr. Potero trained as a lawyer and is a certified specialist in a number of areas, including anti-money laundering. He served in the U.S. Army Reserve and is a board member of several economic development and charitable organizations.

Robb Canning, Chief Risk and Compliance Officer, stated “Tim is a key contributor to the success of our firm and a standout in his areas of expertise. We congratulate him on this well-deserved distinction, and look forward to his continued success.”

Alex Bernhardt, Head of GC Micro Risk Solutions (SM) (”GC Micro”), has also been named to the 2011 “Rising Stars” list. Based in Guy Carpenter’s Seattle office, Mr. Bernhardt led Guy Carpenter’s grant-writing initiative that resulted in funding from the Microinsurance Innovation Facility, a partnership between the International Labour Organization and the Bill & Melinda Gates Foundation. In addition, he headed the team that completed GC Micro’s first microreinsurance transaction, also an industry first.

Mr. Bernhardt regularly contributes content to industry publications and obtained the designations of Associate of Reinsurance, Associate of Risk Management for Public Entities and Associate of Insurance Services. He is an Honors graduate of the University of Puget Sound.

Microreinsurance is integral in the development of a sustainable microinsurance market. Microinsurance, or “insurance for the poor,” is a fledgling industry focused on providing vital risk transfer solutions to low-income persons predominantly in developing countries where insurance is rarely available to protect local communities from heath risks, mortality and natural disasters, such as windstorms and droughts.

Pete Chandler, Head of U.S. Western Region, added “Alex is leading our groundbreaking efforts in a very exciting area for Guy Carpenter. His accomplishments in this field are unprecedented in the industry and paved the way for subsequent microreinsurance transactions. His technical ability, fresh insights and enthusiasm are highly valued at our firm and by our clients.”

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