Guy Carpenter creates Global Capital Solutions unit, to include GC Securities


Reinsurance broker Guy Carpenter has announced a raft of changes as it integrates the JLT Re team into its structure, part of which includes the creation of a new Global Capital Solutions Group that will include the insurance-linked securities (ILS) practice GC Securities.

David Priebe, Guy CarpenterThe new Guy Carpenter Global Capital Solutions Group will be led by David Priebe, Vice Chairman of Guy Carpenter.

The unit will include two component parts, Global Capital Solutions and GC Securities, and will be tasked with working closely with Guy Carpenter’s Analytics, Strategic Advisory and broking teams.

GC Securities will continue to be led by Shiv Kumar as President of the unit, remaining responsible for the insurance-linked securities and M&A practices at Guy Carpenter.

Ed Hochberg, the CEO of North America at JLT Re, will take on the role of Head of Global Capital Solutions, advising broking clients on capital, reinsurance optimisation techniques and risk transfer solution design. Hochberg will also support the overall integration of JLT Re’s North America business within Guy Carpenter.

Peter Hearn, President and CEO of Guy Carpenter, commented, “The combination of Guy Carpenter and JLT Re’s capabilities and expertise will create an exciting opportunity to deliver enhanced value to clients across the globe through a structure that is intuitive and aligned with our strategic priorities.”

Today’s announcement featured numerous other moves and leadership changes in the reinsurance broker, as the JLT business gets integrated into Guy Carpenter more fully.

The company said that the announcements reflect “ongoing strategic efforts to align and integrate the capabilities of both Guy Carpenter (GC) and JLT Re.”

Hearn said, “These roles will be filled by experienced and talented leaders who will have a positive impact on our business. I congratulate them and look forward to working with them in their important new roles.”

Artemis Live - ILS and reinsurance video interviews and podcastView all of our Artemis Live video interviews and subscribe to our podcast.

All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance video content and video interviews can be accessed online.

Our Artemis Live podcast can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.

Print Friendly, PDF & Email

Artemis Newsletters and Email Alerts

Receive a regular weekly email newsletter update containing all the top news stories, deals and event information

  • This field is for validation purposes and should be left unchanged.

Receive alert notifications by email for every article from Artemis as it gets published.

Read previous post:
Parametric Philippine City Disaster Insurance Pool in the works

The Philippines, the Asian Development Bank and private market entities are working to develop a parametric disaster insurance pooling facility...