Reinsurance broker Guy Carpenter confirmed it is cutting staff globally with some reports saying the cuts could be as deep as 15 percent of the work force.
In a statement, Guy Carpenter, a subsidiary of services company New York-based Marsh & McLennan Companies, also the parent of insurance broker Marsh, said, “As part of a strategic initiative to better position Guy Carpenter for the future, the firm is implementing several organizational changes, including staff reductions in certain areas.
“This decision was difficult but necessary given current market conditions. Guy Carpenter will implement these changes as quickly and seamlessly as possible to maintain its high level of customer service.”
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
