Guy Carpenter & Co. LLC, a global risk and reinsurance specialist and member of Marsh & McLennan Cos., on Wednesday announced that it has hired the Kansas City-based Direct Reinsurance team from a subsidiary of Endurance Specialty Holdings Ltd.
Guy Carpenter also announced the opening of a new office in Kansas City, Mo.
Commenting on the new brokerage team in a media statement, Andrew Marcell, managing director and CEO of U.S. operations at Guy Carpenter, said:”The hiring of Endurance’s locally based team, with their significant experience providing property and casualty reinsurance, demonstrates our ongoing commitment to and investment in our U.S. regional insurance and mutual company business.
“As Guy Carpenter brokers, the team will now have access to the full resources of our firm, enabling them to deliver to clients a broader array of services and greater coverage across their entire reinsurance program,” said
Christopher Donelan, president and chief underwriting officer of Endurance Re U.S., said: “We would like to thank the team for their service since joining Endurance in 2006. This is a great success all around—for the team, who can grow professionally; for Endurance, as it continues to support long-standing clients while expanding its commitment to the regional reinsurance space; and for Guy Carpenter, which gains a seasoned team of professionals with long-standing relationships and a great reputation in the industry.
“Endurance is committed to the regional reinsurance business for the long-term and will be working with Guy Carpenter and others to expand that business,” Donelan continued. “We appreciate the long-term relationships between our clients and Endurance, and we fully intend to retain the accounts
Source: Guy Carpenter