Guy Carpenter

The exit follows that of Guy Carpenter’s head of cyber centre of excellence for international, Siobhan O’Brien.

Siobhan O’Brien will exit her current role as head of cyber centre of excellence for international.

Randy Fuller, Head of North America Property at Guy Carpenter, discusses market stability, hurricane impacts, and the evolving role of claims professionals on October 1st, 2024.

The panelists discussed the ILS reset and the path to maintaining discipline in this sector.

Buyers are demanding more consistency on wordings and improved terms in renewal conversations.

“They want to grow their portfolios,” Guy Carpenter's CEO added.

The change comes as negotiations start to kick off for 2025 renewals.

Sources said Guy Carpenter has promoted Jennifer Paretchan to succeed Mowery.

The broker said less than 1% of companies globally with cyber insurance were impacted.

The rise is equal to 5%-10% of catastrophe capacity purchased, including cat bonds, depending on region.

The executive joins recent appointees Bronek Masojada and Emmanuel Clarke.

The broker warned that D&O and P&C policies could also be impacted by the outage.