Guy Carpenter announced the launch of a new business unit, GC Access (SM), to provide dedicated MGA program business solutions.
GC Access offers a range of services to carriers and MGAs operating in the dynamic program market. This includes carrier and reinsurance transactions, captive support, insurtech expertise and program startup roadmaps. The new unit helps clients develop fully optimized program solutions, combining focused expertise, market-leading analytical capabilities, global reach and an expansive network of insurer and reinsurer relationships to precisely and efficiently match MGAs and carriers.
GC Access is supported by a dedicated team of program brokers, contract specialists, modelers and actuaries and provides fully integrated services across business planning, program carrier selection, capital advisory, and modeling support. GC Access also introduces numerous program-specific proprietary tools, and accesses Guy Carpenter’s global reach, particularly the United States and London markets, to deliver best-in-class client solutions.
Commenting on the launch, John Trace, CEO of North America at Guy Carpenter, said: “GC Access truly represents the scale and scope of capabilities and expertise that Guy Carpenter can bring to support this important client segment. From world-class analytics and an unrivaled breadth of specialist knowledge through to our unparalleled depth of market relationships, we can offer a fully bespoke range of integrated services that span the full spectrum of MGA program solutions.”
The team is led by Michael Jameson, who has been appointed President of GC Access. Previously Head of Guy Carpenter’s Program division, Mr. Jameson will be responsible for overseeing all activities across the new unit and will report to Mr. Trace.
Mr. Jameson added: “The program market has expanded rapidly in recent years, creating huge potential for our clients to grow and capitalize on the significant opportunities that exist in this sector. Through GC Access we are able to evaluate new program opportunities and based on a clear understanding of our clients’ requirements, help them to access and take advantage of them.”