Reinsurance broker Guy Carpenter & Company LLC said it has changed the name of its financial consulting services to insurers from MMC Securities to GC Securities.
Guy Carpenter, a subsidiary of New York-based services firm Marsh & McLennan Companies, said that with the renaming it is also expanding its investment banking capabilities in Europe.
MMC Securities Ltd. in Europe was changed to GC Securities Ltd. In the United States, GC Securities has now been established as a division of MMC Securities Corp., a U.S. broker-dealer.
With the name change GC Securities will bring together Guy Carpenter and its affiliates' investment banking expertise, financial relationships, analytics and insurance capabilities to provide insurance and reinsurance clients with investment banking, capital markets and corporate finance advisory services, the company said.
GC Securities is led in Europe by Managing Director Mark Hewett and in North America by Managing Director Christopher McGhee.
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