Guy Carpenter launches Asia Pacific retrocession unit

Dedicated retrocession unit brings services closer to regional clients in conjunction with marine and aviation units

Guy Carpenter launches Asia Pacific retrocession unit

Insurance News

By Gabriel Olano

Global risk and reinsurance specialist brokerage Guy Carpenter & Company, LLC has launched GC Asia Pacific Retro, a new unit which will offer dedicated retrocession services to Asia Pacific clients.

GC Asia Pacific Retro will provide a range of retrocession property reinsurance services, including capital raising and product and capacity development. The new unit will work in cooperation with Guy Carpenter’s existing marine and aviation specialty units across the region.             

Simon Hughes was appointed managing director of GC Asia Pacific Retro, while Ben Dunnett will be senior vice president. Hughes, who is based in London, has been part of Guy Carpenter’s Asia Pacific division for more than 21 years. He will continue his role as senior broker for the group’s Australasian business.

Meanwhile, Dunnett has been part of Guy Carpenter’s non-marine specialty team for over a decade, and is based in Singapore. Both Hughes and Dunnett will report to James Boyce, head of
non-marine specialty and James Nash, president of Guy Carpenter’s international division.

Kevin Fisher, CEO for global specialties at Guy Carpenter & Company, 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.”

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