June 28th, 2017

Guy Carpenter Launches GC Asia Pacific Retro

Posted at 11:00 PM ET

Guy Carpenter & Company today launched GC Asia Pacific Retro, a new unit offering dedicated retrocession services to clients in the Asia Pacific region.

GC Asia Pacific Retro provides an expansive range of retrocession property solutions, linking in with Guy Carpenter’s existing marine and aviation Global Specialties units in the region. The services provided by the new operation will focus on retrocessional solutions, capital raising and product and capacity development.

The unit is headed up by Simon Hughes, Managing Director and Ben Dunnett, Senior Vice President. Mr. Hughes has worked exclusively in Guy Carpenter’s Asia Pacific division for over 21 years and will be based in London. Mr. Dunnett has worked in Guy Carpenter’s Non-Marine Specialty team for 10 years and is based in Singapore. Mr. Hughes will also continue in his role as Guy Carpenter’s senior broker for Australasian business. Both will report to James Boyce, Head, Non-Marine Specialty and James Nash, President, International Division.

Commenting on the launch, Kevin Fisher, CEO, Global Specialties, said: “GC Asia Pacific Retro provides us with the perfect platform to deliver our specialist retrocession expertise direct to our clients in the region, while also acting as a conduit to the full range of Guy Carpenter’s extensive services. By establishing a dedicated team ‘on-site,’ we are able to precisely translate their risk exposures into the most effective and comprehensive solutions possible, while ensuring that these fit seamlessly alongside the other traditional reinsurance products that we provide.”

Mr. Nash added: “We see this as an opportune time to be opening the doors of our new unit. The remit of the team is expansive and spans retrocession solutions, capital raising and product development to meet the broad-spectrum needs of our clients. Further, our aim is to play a central role in facilitating the growth of the retrocession market in the region, while also expanding the potential afforded by ILS capacity.”

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*Securities or investments, as applicable, are offered in the United States through GC Securities, a division of MMC Securities LLC, a US registered broker-dealer and member FINRA/NFA/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. (MMCSEL), which is authorized and regulated by the Financial Conduct Authority, main office 25 The North Colonnade, Canary Wharf, London E14 5HS. Reinsurance products are placed through qualified affiliates of Guy Carpenter & Company, LLC. MMC Securities LLC, 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. **GC Analytics is a registered mark with the U.S. Patent and Trademark Office.

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