Guy Carp appoints Bermuda CEO; poaches retro specialist from Aon Benfield

Reinsurance broker Guy Carpenter has promoted Peter Stubbings to chief executive officer (CEO) of its Bermuda operations, as Tony Fox resigns from the role.

It is believed that Fox has left Guy Carpenter to take up a role with Aon Benfield, becoming chairman of global ReSpecialty in Bermuda.

Stubbings was previously chairman of the Bermuda office. In his new role, he is responsible for both the retrocession and international reinsurance treaty practices, while also overseeing new business development and wholesaling the firm’s US business into the Bermuda market. He will continue to report to Kevin Fisher, CEO of global specialties.

Richard Keegan also joins Guy Carpenter’s Bermuda team as senior vice president in May. He previously worked at Aon Benfield in Bermuda, where he was a property retrocession broker. He will report to Stubbings.

Fisher said: “Our Bermuda office is market-renowned for the strength and depth of experience and expertise that is represented within the team. Peter has over 34 years of experience across the reinsurance market and since taking up the role of chairman has secured his position as a key figure within the Bermuda market.

“I look forward to continuing to work closely with him as we endeavour to further strengthen and enhance our position as the Island’s leading reinsurance broker.”

Fisher also said that that Richard Keegan will work closely with the retrocession team as well as supporting the wholesaling of the US business.

Tim Gardner, CEO of US operations at Guy Carpenter, added: “We are delighted that Richard will be joining the Bermuda team. Working directly with Kevin and Peter, he will play an integral part in the ongoing development of both our retrocession and US wholesale activities in the Bermuda market.”