Guy Carpenter & Co., reinsurance specialist and a unit of Marsh McLennan, announced the launch of its Capital Advisory Group in Asia Pacific, with the appointments of Michael Owen and Hussain Ahmad to lead this new operation.
The capital pressures that insurance companies face due to evolving market dynamics, regulatory developments and shareholders’ return expectations require sustainable, efficient and targeted solutions. The new Asia Pacific Capital Advisory Group aims to help clients make informed business decisions and offers bespoke structures designed to help manage financial volatility and address capital challenges.
Owen, who has extensive experience in enterprise risk management, including over 20 years at Guy Carpenter, is chief actuary for Asia Pacific. Ahmad, who joined Guy Carpenter in 2019 as head of Structured Reinsurance Solutions for Asia Pacific, has over 15 years of experience in providing technical re/insurance solutions across the region, including M&A valuations, capital management, and structured reinsurance. They will both maintain their current positions in addition to their new roles.
Commenting on the launch, Tony Gallagher, CEO of Asia Pacific, Guy Carpenter, said: “The new Asia Pacific Capital Advisory Group has been established in response to growing demand for more efficient capital structures and strategic insights that help companies achieve their financial objectives. We have brought together a strong team comprised of experts in the areas of analytics, actuarial, structured solutions and catastrophe modeling, as well as IFRS 17, to meet the capital needs of our clients and deliver the best-in-class solutions.”
Source: Guy Carpenter
*This story ran previously in our sister publication Insurance Journal.