June 29th, 2011

Guy Carpenter Wins 2011 Trading Risk Award For Derivative Initiative of the Year

Posted at 1:00 AM ET

Guy Carpenter & Company has been named the winner of the 2011 Trading Risk Award for Derivative Initiative of the Year.

Guy Carpenter and Nephila were honored at the gala event held in London on June 23 for their collaboration on CWILTM. The judges noted the success of this new county weighted index loss product, based on technology developed by Guy Carpenter, which offers hybrid indemnity-parametric coverage. Over USD1 billion of alternative capital, provided by Nephila, has been brought into the reinsurance market through CWIL.

Now in its third consecutive year, the awards program recognizes outstanding skill, innovation and vision in the convergence of re/insurance with the capital markets.

Bill Kennedy, Global Head of Analytics and Advisory, Guy Carpenter & Company, stated, “Developed to address the shortage of reinsurance and retrocessional capacity in the traditional ultimate net loss market, CWIL also has been utilized by primary carriers with significant capacity demands. This product, designed to cover U.S. hurricane and earthquake as well as European wind, fills a large gap in the market for an assortment of risk-bearing entities and is instrumental in maintaining market stability. CWIL is yet another example of Guy Carpenter’s innovation and commitment to delivering creative solutions that make our clients more successful.”

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Securities or investments, as applicable, are offered in the United States through GC Securities, a division of MMC Securities Corp., a U.S. registered broker-dealer and member FINRA/SIPC. Main Office:  1166 Avenue of the Americas, New York, NY 10036. Phone: (212) 345-5000. Securities or investments, as applicable, are offered in the European Union by GC Securities, a division of MMC Securities (Europe) Ltd., which is authorized and regulated by the Financial Services Authority. Reinsurance products are placed through qualified affiliates of Guy Carpenter & Company, LLC.  MMC Securities Corp., MMC Securities (Europe) Ltd. and Guy Carpenter & Company, LLC are affiliates owned by Marsh & McLennan Companies.  This communication is not intended as an offer to sell or a solicitation of any offer to buy any security, financial instrument, reinsurance or insurance product.

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