Guy Carpenter & Company has launched its new Excess & Surplus Lines Specialty Practice, which will focus on the unique needs of these specialised insurance companies.
Excess and surplus lines insurance companies are constantly grappling with competitive pressures and a changing marketplace directly related to the expansion and contraction of the standard market.
The new practice will be dedicated towards helping excess and surplus lines clients optimise the use of their capital and grow profitably.
“Excess and surplus lines insurance companies have unique business characteristics and needs that are distinct from the standard market,” said Andrew Marcell, managing director and CEO of Guy Carpenter’s US operations.
William Allen, chairman of the Excess & Surplus Specialty Lines Practice, 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 and 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 and surplus insurance companies.”
