Global reinsurance broker Guy Carpenter has announced that Peter Stubbings has been promoted to lead its Bermuda office retrocession and international treaty reinsurance practice as CEO, and that Richard Keegan has been hired as Senior Vice President.
Stubbings was previously Chairman of Guy Carpenter’s Bermuda operations. As well as being responsible for the retrocession and international reinsurance treaty practices, Stubbings will also oversee new business development and the wholesaling of the brokers U.S. business into the Bermuda reinsurance market.
Stubbings will continue to report to Kevin Fisher, CEO of Global Specialties.
Fisher commented; ““Our Bermuda office is market-renowned for the strength and depth of experience and expertise that is represented within the team. Peter has over 34 years of experience across the reinsurance market and since taking up the role of Chairman has secured his position as a key figure within the Bermuda market. I look forward to continuing to work closely with him as we endeavour to further strengthen and enhance our position as the Island’s leading reinsurance broker.”
Additionally, Richard Keegan is joining Guy Carpenter from Aon Benfield in Bermuda, where he was a Property Retrocession Broker, and will report directly to Stubbings. Keegan will work closely with the Guy Carpenter Retrocession team as well as supporting the wholesaling of the U.S. brokerage business.
Tim Gardner, CEO of US Operations at Guy Carpenter, said; “We are delighted that Richard will be joining the Bermuda team. Working directly with Kevin and Peter, he will play an integral part in the ongoing development of both our Retrocession and US wholesale activities in the Bermuda market.”