Guy Carpenter & Co. has launched an Excess &Surplus Specialty Practice to help insurers in this space deal withcompetitive pressures and market fluctuations related to thestandard market's appetite.
“Excess & Surplus Lines insurancecompanies have unique business characteristics and needs that aredistinct from the standard market,” says Andrew Marcell, managingdirector and CEO U.S. Operations at Guy Carpenter, in astatement. “As the leading reinsurance intermediary for Excess& Surplus Lines insurance companies in the United States, weare using our years of experience working with Excess & SurplusLines insurers to deliver specialized products and servicesdesigned to help our clients succeed.” The March & McLennan Co. says the newunit will consist of a team of seasoned professionals dedicated tohelping Excess & Surplus Lines clients optimize the use oftheir capital and grow profitably. Guy Carpenter says E&Scarriers also face increased demands fortechnology-enabled modeling and actuarial services specificallydeveloped for E&S insurers. As a result, these insurancecompanies are seeking superior qualitative and quantitative insightinto profitable portfolio management, access to capital markets,and peer analysis, as well as predictive and risk modeling thatwill enhance their competitive position. Recognizing the distinctive needs of theseinsurers, the practice is responding by formally consolidating andleveraging Guy Carpenter's E&S insurance and reinsurancemarket expertise and peer company knowledge, and delivering thebest E&S-tailored solutions, products, services andresources.Want to continue reading?
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