Guy carpenter News

Insurers, Tech Firms Struggle to Keep Pace with Cyber Risks

Despite progress, carriers are still falling short in how they approach cyber insurance and also how they cover events when they happen. How can this be? The unique makeup of cyber risks continues to hold them back, according to experts …

Catastrophe Scenarios Highlight Need to Better Understand Cyber Risk

As the cyber insurance market has continued its rapid growth, its loss vulnerabilities have become increasingly clear. A new report from Guy Carpenter and CyberCube Analytics has identified potential loss scenarios in the current market that run in the billions …

Lloyd’s of London Suspends Top Broker Who Sent Harassing Email

Lloyd’s of London has suspended a senior broker at Guy Carpenter & Co. for sending colleagues a sexually suggestive email about a female employee and is planning to take similar action against a second person who forwarded the message outside …

People News: Guy Carpenter, Cunningham Lindsey, Great American

Guy Carpenter Appoints Nash President of New International Division Guy Carpenter & Company, LLC, a global risk and reinsurance specialist and a wholly owned subsidiary of Marsh & McLennan Companies, announced the appointment of James Nash to the newly-created role …

Business News: Crawford & Co., Auto-Owners, Guy Carpenter

Crawford Buys Majority Stake in ‘Uber-Like’ Field Inspection Firm WeGoLook Global claims management firm Crawford & Co. has acquired a majority interest in WeGoLook, an online and mobile inspection firm that calls itself the “Uber of inspections.” Crawford said it …

People Moves

Guy Carpenter appoints CEO of GC Stockholm Guy Carpenter & Company, LLC, a global risk and reinsurance specialist and a wholly owned subsidiary of Marsh & McLennan Companies, appointed Tobias Andersson as CEO of GC Stockholm, effective April 1, 2017. …

Business News

NORCAL Mutual Subsidiary Renamed to NORCAL Specialty NORCAL Mutual Insurance Company’s Pennsylvania-based wholly-owned subsidiary, PMSLIC Insurance Company, has been renamed NORCAL Specialty Insurance Company, pending additional regulatory approvals. NORCAL Specialty is the NORCAL Group’s surplus lines carrier. The name change …

Though Quiet Hurricane Season Expected, El Nino May Not Temper Landfalling Storm

While hurricane activity for the Atlantic Basin is projected to be below average for the 2015 season, impactful landfalls can occur in any hurricane season even those of reduced activity, according to Guy Carpenter & Company, LLC, a global risk …

Taiwan Faces Greatest Tsunami Risk: Guy Carpenter

A new report finds that southwest Taiwan, specifically, up to 4 meters at the Port of Kaohsiung, Taiwan’s principal port and the sixth largest container port in the world has the greatest tsunami risk. Guy Carpenter & Company, a global …

Global Cat Report Finds 2014 Insured Losses Lowest in 5 Years

In 2014, significant insured losses totaled approximately $33 billion, a dramatic drop compared to the historic insured losses seen in 2011, which totaled approximately $126 billion. Guy Carpenter & Company, a global risk and reinsurance specialist and a wholly owned …