Guy Carpenter, a leading global risk and reinsurance specialist and a wholly owned subsidiary of Marsh & McLennan Companies, has launched GC Asia Pacific Retro, a new unit offering dedicated retrocession services to clients in the Asia Pacific region.
GC Asia Pacific Retro provides an expansive range of retrocession property solutions, linking in with Guy Carpenter’s existing marine and aviation Global Specialties units in the region. The services provided by the new operation will focus on retrocessional solutions, capital raising, and product and capacity development.
Commenting on the launch, Mr Kevin Fisher, CEO, Global Specialties, said: “GC Asia Pacific Retro provides us with the perfect platform to deliver our specialist retrocession expertise direct to our clients in the region, while also acting as a conduit to the full range of Guy Carpenter’s extensive services.
"By establishing a dedicated team ‘on-site’, we are able to precisely translate their risk exposures into the most effective and comprehensive solutions possible, while ensuring that these fit seamlessly alongside the other traditional reinsurance products that we provide.”