Over 90 years of clarity, quantitative science, and putting clients first.At the beginning of the 20th Century, cotton production was the most important commercial enterprise in the American South, making the insurability of harvested cotton vital to the economic stability of the region. As a young man in the cotton insurance business, Guy Carpenter discovered that the business was haphazard and reactive. A year of big losses pushed the next year’s premiums too high; a lucky year sent prices down, often exposing insurers and reinsurers to more risk than they had bargained for.Carpenter had a better idea: rates based on a rolling average of losses over many years. The rolling average identified the signal in the noise of year-to-year fluctuations. The “Carpenter Plan” enabled insurance of all losses over a certain level. For the first time, producers and insurers could anticipate rates and manage costs.The insight that data – the more the better – could help clients anticipate perils and measure risks put Guy Carpenter on a trajectory that is still transforming the industry.In 1923 Carpenter met with cotton insurance brokers Henry W. Marsh and Donald R. McLennan during a transatlantic crossing. The merged firm would take the nascent science of quantitative analytics beyond cotton. Along with quantitative precision, precise language became a hallmark of the firm. Carpenter insisted on clarity: Contracts were more inclusive, citing only those perils that were excluded. Contract language written by Carpenter himself still appears in reinsurance contracts issued by our company and its competitors around the world.Guy Carpenter continues to serve some of its original clients – and clients that have come to us in every decade since. For them, and those who join us today, the durability of the firm’s leadership is more than a fact. It is a promise.Who will you trust with the future of your business?As a leading integrated solutions provider to the (re)insurance industry, Guy Carpenter delivers a powerful combination of broking expertise, strategic advisory services, and industry-leading analytics.At Guy Carpenter, leadership goes deeper than management. Over 2,000 professionals work here. Most of them are the very best in the world in highly specialized fields. We are an organization of innovators: in the transfer of risk, in new forms of capital, in actuarial science and analytics. These are the people that our clients want to see on their business: people who know, people who listen, people who deliver new ways to succeed. Our clients look to us for confidence at crossroads moments, and in three broad areas of enterprise:ExecutionUnmatched expertise, global reach, and a profound commitment to client successAdvisoryStrategic planning and implementation of capital and business growth initiativesAnalyticsIndustry-leading quantitative expertise and insights, delivered via customized analytic solutionsWherever you are, the whole company is working for you.Guy Carpenter is organized to rapidly coalesce expertise around each client’s objectives.GC SpecialtiesGC Analytics®GC Fac®Global Strategic AdvisoryGC Securities*Client ServicesGC Micro Risk Solutions®Within each of these business units are progressively finer degrees of expertise. Our account executives assemble the best talent in Guy Carpenter's world for each assignment. As a Marsh & McLennan Company, we often help our clients achieve strategic goals beyond the task at hand, drawing on the resources of Oliver Wyman, Mercer, and Marsh.Source: this is an extract from the company’s own website.
Over 90 years of clarity, quantitative science, and putting clients first.At the beginning of the 20th Century, cotton production was the most important commercial enterprise in the American South, making the insurability of harvested cotton vital to the economic stability of the region. As a young man in the cotton insurance business, Guy Carpenter discovered that the business was haphazard and reactive. A year of big losses pushed the next year’s premiums too high; a lucky year sent prices down, often exposing insurers and reinsurers to more risk than they had bargained for.Carpenter had a better idea: rates based on a rolling average of losses over many years. The rolling average identified the signal in the noise of year-to-year fluctuations. The “Carpenter Plan” enabled insurance of all losses over a certain level. For the first time, producers and insurers could anticipate rates and manage costs.The insight that data – the more the better – could help clients anticipate perils and measure risks put Guy Carpenter on a trajectory that is still transforming the industry.In 1923 Carpenter met with cotton insurance brokers Henry W. Marsh and Donald R. McLennan during a transatlantic crossing. The merged firm would take the nascent science of quantitative analytics beyond cotton. Along with quantitative precision, precise language became a hallmark of the firm. Carpenter insisted on clarity: Contracts were more inclusive, citing only those perils that were excluded. Contract language written by Carpenter himself still appears in reinsurance contracts issued by our company and its competitors around the world.Guy Carpenter continues to serve some of its original clients – and clients that have come to us in every decade since. For them, and those who join us today, the durability of the firm’s leadership is more than a fact. It is a promise.Who will you trust with the future of your business?As a leading integrated solutions provider to the (re)insurance industry, Guy Carpenter delivers a powerful combination of broking expertise, strategic advisory services, and industry-leading analytics.At Guy Carpenter, leadership goes deeper than management. Over 2,000 professionals work here. Most of them are the very best in the world in highly specialized fields. We are an organization of innovators: in the transfer of risk, in new forms of capital, in actuarial science and analytics. These are the people that our clients want to see on their business: people who know, people who listen, people who deliver new ways to succeed. Our clients look to us for confidence at crossroads moments, and in three broad areas of enterprise:ExecutionUnmatched expertise, global reach, and a profound commitment to client successAdvisoryStrategic planning and implementation of capital and business growth initiativesAnalyticsIndustry-leading quantitative expertise and insights, delivered via customized analytic solutionsWherever you are, the whole company is working for you.Guy Carpenter is organized to rapidly coalesce expertise around each client’s objectives.GC SpecialtiesGC Analytics®GC Fac®Global Strategic AdvisoryGC Securities*Client ServicesGC Micro Risk Solutions®Within each of these business units are progressively finer degrees of expertise. Our account executives assemble the best talent in Guy Carpenter's world for each assignment. As a Marsh & McLennan Company, we often help our clients achieve strategic goals beyond the task at hand, drawing on the resources of Oliver Wyman, Mercer, and Marsh.Source: this is an extract from the company’s own website.
Over 90 years of clarity, quantitative science, and putting clients first.At the beginning of the 20th Century, cotton production was the most important commercial enterprise in the American South, making the insurability of harvested cotton vital to the economic stability of the region. As a young man in the cotton insurance business, Guy Carpenter discovered that the business was haphazard and reactive. A year of big losses pushed the next year’s premiums too high; a lucky year sent prices down, often exposing insurers and reinsurers to more risk than they had bargained for.Carpenter had a better idea: rates based on a rolling average of losses over many years. The rolling average identified the signal in the noise of year-to-year fluctuations. The “Carpenter Plan” enabled insurance of all losses over a certain level. For the first time, producers and insurers could anticipate rates and manage costs.The insight that data – the more the better – could help clients anticipate perils and measure risks put Guy Carpenter on a trajectory that is still transforming the industry.In 1923 Carpenter met with cotton insurance brokers Henry W. Marsh and Donald R. McLennan during a transatlantic crossing. The merged firm would take the nascent science of quantitative analytics beyond cotton. Along with quantitative precision, precise language became a hallmark of the firm. Carpenter insisted on clarity: Contracts were more inclusive, citing only those perils that were excluded. Contract language written by Carpenter himself still appears in reinsurance contracts issued by our company and its competitors around the world.Guy Carpenter continues to serve some of its original clients – and clients that have come to us in every decade since. For them, and those who join us today, the durability of the firm’s leadership is more than a fact. It is a promise.Who will you trust with the future of your business?As a leading integrated solutions provider to the (re)insurance industry, Guy Carpenter delivers a powerful combination of broking expertise, strategic advisory services, and industry-leading analytics.At Guy Carpenter, leadership goes deeper than management. Over 2,000 professionals work here. Most of them are the very best in the world in highly specialized fields. We are an organization of innovators: in the transfer of risk, in new forms of capital, in actuarial science and analytics. These are the people that our clients want to see on their business: people who know, people who listen, people who deliver new ways to succeed. Our clients look to us for confidence at crossroads moments, and in three broad areas of enterprise:ExecutionUnmatched expertise, global reach, and a profound commitment to client successAdvisoryStrategic planning and implementation of capital and business growth initiativesAnalyticsIndustry-leading quantitative expertise and insights, delivered via customized analytic solutionsWherever you are, the whole company is working for you.Guy Carpenter is organized to rapidly coalesce expertise around each client’s objectives.GC SpecialtiesGC Analytics®GC Fac®Global Strategic AdvisoryGC Securities*Client ServicesGC Micro Risk Solutions®Within each of these business units are progressively finer degrees of expertise. Our account executives assemble the best talent in Guy Carpenter's world for each assignment. As a Marsh & McLennan Company, we often help our clients achieve strategic goals beyond the task at hand, drawing on the resources of Oliver Wyman, Mercer, and Marsh.Source: this is an extract from the company’s own website.