Guy Carpenter & Company has acquired disability reinsurance risk manager and consultant, Smith Group, based in South Portland, Maine. Operations for the company will continue to be based in Maine.
Smith Group employees have extensive experience in the areas of actuarial science, market research and risk management.
Andrew Marcell, CEO of Guy Carpenter US operations, said: “As our life, accident and health insurance clients continue to seek ways to grow profitability, the addition of Smith’s comprehensive offering of reinsurance products and services encompassing all aspects of long-term disability insurance business enhance our ability to deliver highly differentiated solutions to meet these clients’ unique needs.”
“We are excited about the addition of Smith Group. Over the years, they have built strong relationships with their clients by delivering outstanding service and in-depth knowledge of the long-term disability market.”
