Guy Carpenter, a leading global risk and reinsurance specialist and a wholly owned subsidiary of Marsh & McLennan Companies, today hired Shiv Kumar as President and Global Leader of GC Securities,* Capital Markets. Mr. Kumar was previously Global Head of Insurance Structured Finance at Goldman, Sachs & Co. His 23 years of experience in the (re)insurance sector and capital markets will enhance GC Securities’ ability to identify and execute convergence capital solutions that help clients manage risk.
“Shiv brings decades of highly successful transactional, client-relationship and business leadership capabilities to Guy Carpenter. He will strengthen our ability to develop customized, profit-enhancing and risk-mitigating capital markets solutions for current and future clients,” said David Priebe, Vice Chairman of Guy Carpenter. “As demand accelerates for solutions at the intersection of risk and capital, Shiv’s expertise will complement the deep capabilities our industry-recognized GC Securities team already delivers to clients every day.”
GC Securities is a convergence capital leader and innovator, providing clients significant leverage and broad relationships with a global investor network across the full range of insurance risk product offerings. Current GC Securities solutions include catastrophe bonds, sidecars, quota shares, collateralized reinsurance, reinsurance transformers, derivatives and industry loss warranties, as well as a suite of reinsurance analytics tools. GC Securities was named 2017 North America ILS Advisor of the Year by Reactions and has introduced multiple ground-breaking ILS transactions to the reinsurance market.
At Goldman, Mr. Kumar was the project lead for more than 100 transactions and arranged $25 billion in financing. He covered insurance companies in the property and casualty, life and health, mortgage and public sectors. His expertise includes structuring complex financial transactions to solve client challenges from risk transfer and asset accumulation to capital structure optimization and legacy portfolio restructuring. Previously, Mr. Kumar worked as Head of Analytical Services at AIR Worldwide. He holds a Ph.D. from Stanford University.
“Guy Carpenter’s goal is for our clients to view us as their premier, trusted advisor in the (re)insurance space. We are strategically investing in people, technology and tools that will solve challenges clients face today – and will face tomorrow,” added Peter Hearn, President and CEO of Guy Carpenter. “Shiv clearly will help us develop convergence capital solutions that solve client challenges in a rapidly evolving and volatile market.”
Reporting to David Priebe, Mr. Kumar will oversee the GC Securities Capital Markets team. GC Securities leaders reporting in to Mr. Kumar include Cory Anger, Global Head of ILS Origination and Structuring, and Chi Hum, Global Distribution Leader.
*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.