Guy Carpenter
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Reduction of 3 percent in underlying revenues down to disrupted new business pipeline, the MMC CEO said. -
Shares in the company edge down despite consensus-beating quarterly earnings figures.
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The restructure follows the departure of former US chief executive Tim Gardner and other executives earlier this year.
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The protection, which is led by Liberty Specialty Markets, comes after the state pool's remit was extended earlier this year.
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Gardner, Yoder and Durant have asked a judge to dismiss most of MMC’s case alleging a plot to raid Guy Carpenter.
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The broker’s international vice chairman said ahead of the MMC Rising Professionals’ Global Forum that companies must give up-and-coming talent a voice.
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Some of the largest teams – including fac, marine and non-marine specialty – are in scope.
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The trio are temporarily barred from soliciting their former Guy Carpenter clients and ex-colleagues.
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Senior broker departs after trio of resignations last week.
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The chances that the independently-owned US retailer will reassemble Towers Re London team are growing.
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The two reinsurance brokers are supported by Everest Re and RenaissanceRe.
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The departure comes amid a reshaping of Guy Carpenter’s analytics team and a wave of JLT Re executives leaving.
