Guy Carpenter unveils dedicated E&S lines unit
Guy Carpenter has launched a new excess & surplus lines specialty practice, which will focus exclusively on the needs of these specialised insurance companies.
The broker said its new practice will consist of a team of professionals dedicated to helping excess & surplus lines clients optimise the use of their capital and grow profitably.
The E&S market has been subject to many competitive pressures in recent years directly related to the expansion and contraction of the standard market. Insurers in this space are increasingly seeking modelling and actuarial services specifically developed for E&S insurers, Guy Carpenter said.
“Excess & surplus lines insurance companies have unique business characteristics and needs that are distinct from the standard market,” said Andrew Marcell, managing director and chief executive of US operations at Guy Carpenter.
“As the leading reinsurance intermediary for excess & surplus lines insurance companies in the US, we are using our years of experience working with excess & surplus lines insurers to deliver specialised products and services designed to help our clients succeed.”
William Allen, Chairman of the excess & surplus lines practice at Guy Carpenter, said: “The excess & surplus lines specialty practice will provide solutions addressing these areas and demonstrates Guy Carpenter’s commitment to this specialty market.
“The members of our team provide an unparalleled depth and breadth of knowledge about the excess & surplus lines market. They deliver Guy Carpenter’s full suite of state-of-the-art products and solutions to clients who are looking for insight, knowledge, and strategic thinking specifically focused on Excess & Surplus Lines insurance companies.”