Wednesday, September 20, 2017

Guy Carpenter launches Asia retrocession unit

Guy Carpenter has launched a new unit offering dedicated retrocession services to clients in Asia.

GC Asia Pacific Retro will provide a 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 will be headed by Simon Hughes, Guy Carpenter’s senior broker for Australasian business, and Ben Dunnett, who has worked in the non-marine specialty unit for 10 years.

Hughes will be based in London, while Dunnett is based in Singapore. Both will report to James Boyce, head of non-marine specialty, and James Nash, president of the international division.

“We see this as an opportune time to be opening the doors of our new unit,”said Nash. “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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