Guy Carpenter has appointed Eric Simpson as managing director and Mark Murray as senior vice president.
Murray reports to Simpson, who reports directly to Jack Snyder, managing director, head of the rating agency practice, Guy Carpenter Strategic Advisory.
Both are based in the Philadelphia office.
Simpson has more than 30 years of experience in the insurance industry and was most recently the head of JLT Towers Re’s (formerly Towers Watson Re) global rating agency and ERM practice.
He will be responsible for helping US-based clients address evolving rating agency requirements including Best’s stochastic-based BCAR model and regulatory challenges posed by ORSA in the context of executing their business plans and enhancing their performance and risk-based decisions.
Simpson will also provide leadership and coordination to Guy Carpenter’s Strategic Advisory practice, led by our fast growing ERM and economic capital modelling offerings.
Murray joins Guy Carpenter with over 15 years of rating agency advisory experience. He worked for 10 years at JLT Towers Re as a senior member of the rating advisory and market security units. He also spent five years at AM Best where he followed many regional property casualty companies.
He is responsible for supporting Guy Carpenter’s Mutual Company Specialty Practice and providing extensive rating advisory insight and analysis to these clients.
Snyder said: “Eric is highly regarded in the industry as a trusted advisor. The combination of his executive rating agency experience and senior financial management experience with re/insurers enables him to work with clients across a range of rating, capital management, and risk management issues. We have a long history of working together and it is exciting to have him on the Guy Carpenter team.
“In addition, Mark brings very broad knowledge and rating expertise with regional companies. He provides valuable insights and analysis to our regional and mutual company clients.”
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Guy Carpenter, JLT Towers Re, Eric Simpson, Mark Murray, North America