Guy Carpenter is bringing on a former New York State insurance superintendent in a bid to boost its regulatory advisory-prowess.
The risk/reinsurance broking advisory firm said that James Wrynn will become its new vice chairman of U.S. Strategic Advisory. Wrynn, who was New York’s 40th insurance superintendent, will also become a managing director.
As New York insurance superintendent, he led the National Association of Insurance Commissioners in establishing its enterprise risk management and ORSA initiatives. As well, he was the NAIC representative on the International Association of Insurance Supervisors (IAIS) and is well versed in Solvency II, Guy Carpenter noted.
Wrynn’s is not arriving at the Marsh & McLennan-owned company directly from the regulatory world. Since 2012 he’s been with the New York law firm Goldberg Segalla LLP, where he was a partner in the global insurance services practice group.
“The regulatory landscape continues to evolve and the regulatory issues facing [insurers and reinsurers] require highly specialized expertise not often available in-house,” Andrew Marcell, CEO of Guy Carpenter’s U.S. operations, said in prepared remarks issued with the Wrynn announcement.
Wrynn, in his new role, will report to Marcell.
Source: Guy Carpenter