All systems are go at Guy Carpenter & Company as it opens a new office in Kansas City, Missouri, and hires the direct reinsurance team of Endurance Specialty Holdings
Guy Carpenter is a global risk and reinsurance specialist and member of Marsh & McLennan Companies. Its recruitment of Endurance’s direct reinsurance team brings it extensive experience in property and casualty reinsurance.
Andrew Marcell, managing director and CEO of US operations at Guy Carpenter, said: “We welcome their expertise and the strong relationships that they have built with their clients over the years. They will enhance our ability to deliver highly differentiated solutions and outstanding service to our clients.”
“As Guy Carpenter brokers, the team will be able to deliver clients a broader array of services and greater coverage across their entire reinsurance programme.”
Christopher Donelan, president and chief underwriting officer of Endurance Re US, said: “We would like to thank the team for their service since joining Endurance in 2006.”
“This is a great success all around—for the team, who can grow professionally; for Endurance, as it continues to support long-standing clients while expanding its commitment to the regional reinsurance space; and for Guy Carpenter, who gains a seasoned team of professionals with long-standing relationships and a great reputation in the industry.
But Endurance will be keeping the direct reinsurance team’s clients, according to Donelan.
“We appreciate the long-term relationships between our clients and Endurance and we fully intend to retain the accounts underwritten by the direct reinsurance team as they transition to their new roles as brokers at Guy Carpenter.”
