Guy Carpenter & Company, Inc., the leading global risk
and reinsurance specialist and a part of the Marsh & McLennan
Companies (NYSE: MMC), announced today that its dedicated facultative
reinsurance unit, GCFac, has launched a Risk Finance Team to
originate, execute and manage structured risk programs.
Led by John Lobek, the London-based team has joined Guy Carpenter from JLT Risk Solutions. The new unit, which will report to Julian Samengo-Turner and Ron Whyte, co-leaders of GCFac, complements and enhances Guy Carpenter's existing Life and Annuity Specialty Practice.
"The establishment of a dedicated, experienced structured risk finance team within GCFac represents an exciting new direction for us," said Mr. Samengo-Turner. "It enables us to deliver a wide range of innovative risk finance solutions that set GCFac apart from the competition."
"We are delighted that these outstanding professionals have chosen Guy Carpenter as their home," added Mr. Whyte, "and look forward to working closely with them to expand our capabilities and build on our worldwide client base."
The members of GCFac's Risk Financing Team are highly regarded in the marketplace, with a 10-year track record of developing new solutions to clients' complex problems. They have broad expertise in insurance and reinsurance broking, actuarial, modeling and financial analysis, as well as risk finance products, including advanced life insurance and reinsurance solutions, structured insurance and reinsurance, insurer/reinsurer exit strategies, residual value, structured credit and mortgage indemnity.
"Over the years," said Mr. Lobek, "our team has built a first-class reputation by developing groundbreaking insurance and reinsurance programs. With the full support and structure provided by Guy Carpenter, we expect that we will be even better equipped to address the evolving risk financing needs of major clients who require custom solutions."
The GCFac Risk Financing Team includes:
-- John Lobek - Mr. Lobek joined Lloyd Thompson from the Fenchurch Group in 1990. In 1995 he was appointed to form and lead a separate team to develop expertise in risk finance. Mr. Lobek has worked in the London market for more than 30 years and has extensive experience in major insurance and reinsurance transactions.
-- Steve Forrest - With over 25 years of experience in structuring complex risk insurance programs for insurance companies and large multinational corporate clients, Mr. Forrest has provided advice to clients on all aspects of risk retention, including captives and non-conventional structures. He is a Fellow of the Chartered Insurance Institute.
-- Ian Morrice - After training as an actuary for ten years and spending eight years in general insurance with ITT London & Edinburgh, Mr. Morrice spent two years as a syndicate analyst in the Lloyd's market, before joining JLT's Risk Finance Division in August 1999.
-- Luke Wigley - A first class honors graduate in Mathematics from the University of Bristol, Mr. Wigley is a member of the Institute of Actuaries.
GCFac is the dedicated facultative arm of Guy Carpenter and has over 400 specialists operating in over 28 cities around the world.
Guy Carpenter & Company, Inc. is the world's leading risk and reinsurance specialist and a part of the Marsh & McLennan Companies, Inc. Guy Carpenter creates and executes reinsurance and risk management solutions for clients worldwide through 2,600 professionals across the globe. The firm's full breadth of services includes 16 centers of excellence in Accident & Health, Agriculture, Alternative Risk Transfer, Environmental, General Casualty, Investment Banking (a), Life & Annuity, Marine & Energy, Professional Liability, Program Manager Solutions, Property, Retrocessional, Structured Risk, Surety, Terror Risk, and Workers Compensation. In addition, Guy Carpenter's Instrat(R) unit utilizes industry-leading quantitative skills and modeling tools that optimize the reinsurance decision-making process and help make the firm's clients more successful. Guy Carpenter's website address is www.guycarp.com. -0- (a) Securities or investments, as applicable, are offered in the (i) United States through MMC Securities Corp., a US registered broker-dealer and member NASD/SIPC, and (ii) European Union through Marsh Advanced Risk Solutions Ltd. ("MARS Ltd."), regulated by the Financial Services Authority for the conduct of investment business in the United Kingdom. Reinsurance products are placed through qualified affiliates of Guy Carpenter. MMC Securities Corp. and MARS Ltd. are affiliates of Guy Carpenter.
Led by John Lobek, the London-based team has joined Guy Carpenter from JLT Risk Solutions. The new unit, which will report to Julian Samengo-Turner and Ron Whyte, co-leaders of GCFac, complements and enhances Guy Carpenter's existing Life and Annuity Specialty Practice.
"The establishment of a dedicated, experienced structured risk finance team within GCFac represents an exciting new direction for us," said Mr. Samengo-Turner. "It enables us to deliver a wide range of innovative risk finance solutions that set GCFac apart from the competition."
"We are delighted that these outstanding professionals have chosen Guy Carpenter as their home," added Mr. Whyte, "and look forward to working closely with them to expand our capabilities and build on our worldwide client base."
The members of GCFac's Risk Financing Team are highly regarded in the marketplace, with a 10-year track record of developing new solutions to clients' complex problems. They have broad expertise in insurance and reinsurance broking, actuarial, modeling and financial analysis, as well as risk finance products, including advanced life insurance and reinsurance solutions, structured insurance and reinsurance, insurer/reinsurer exit strategies, residual value, structured credit and mortgage indemnity.
"Over the years," said Mr. Lobek, "our team has built a first-class reputation by developing groundbreaking insurance and reinsurance programs. With the full support and structure provided by Guy Carpenter, we expect that we will be even better equipped to address the evolving risk financing needs of major clients who require custom solutions."
The GCFac Risk Financing Team includes:
-- John Lobek - Mr. Lobek joined Lloyd Thompson from the Fenchurch Group in 1990. In 1995 he was appointed to form and lead a separate team to develop expertise in risk finance. Mr. Lobek has worked in the London market for more than 30 years and has extensive experience in major insurance and reinsurance transactions.
-- Steve Forrest - With over 25 years of experience in structuring complex risk insurance programs for insurance companies and large multinational corporate clients, Mr. Forrest has provided advice to clients on all aspects of risk retention, including captives and non-conventional structures. He is a Fellow of the Chartered Insurance Institute.
-- Ian Morrice - After training as an actuary for ten years and spending eight years in general insurance with ITT London & Edinburgh, Mr. Morrice spent two years as a syndicate analyst in the Lloyd's market, before joining JLT's Risk Finance Division in August 1999.
-- Luke Wigley - A first class honors graduate in Mathematics from the University of Bristol, Mr. Wigley is a member of the Institute of Actuaries.
GCFac is the dedicated facultative arm of Guy Carpenter and has over 400 specialists operating in over 28 cities around the world.
Guy Carpenter & Company, Inc. is the world's leading risk and reinsurance specialist and a part of the Marsh & McLennan Companies, Inc. Guy Carpenter creates and executes reinsurance and risk management solutions for clients worldwide through 2,600 professionals across the globe. The firm's full breadth of services includes 16 centers of excellence in Accident & Health, Agriculture, Alternative Risk Transfer, Environmental, General Casualty, Investment Banking (a), Life & Annuity, Marine & Energy, Professional Liability, Program Manager Solutions, Property, Retrocessional, Structured Risk, Surety, Terror Risk, and Workers Compensation. In addition, Guy Carpenter's Instrat(R) unit utilizes industry-leading quantitative skills and modeling tools that optimize the reinsurance decision-making process and help make the firm's clients more successful. Guy Carpenter's website address is www.guycarp.com. -0- (a) Securities or investments, as applicable, are offered in the (i) United States through MMC Securities Corp., a US registered broker-dealer and member NASD/SIPC, and (ii) European Union through Marsh Advanced Risk Solutions Ltd. ("MARS Ltd."), regulated by the Financial Services Authority for the conduct of investment business in the United Kingdom. Reinsurance products are placed through qualified affiliates of Guy Carpenter. MMC Securities Corp. and MARS Ltd. are affiliates of Guy Carpenter.
© 2006 Business Wire
