Guy Carpenter
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“They want to grow their portfolios,” Guy Carpenter's CEO added. -
The change comes as negotiations start to kick off for 2025 renewals.
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Sources said Guy Carpenter has promoted Jennifer Paretchan to succeed Mowery.
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The broker said less than 1% of companies globally with cyber insurance were impacted.
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The rise is equal to 5%-10% of catastrophe capacity purchased, including cat bonds, depending on region.
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The executive joins recent appointees Bronek Masojada and Emmanuel Clarke.
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The broker warned that D&O and P&C policies could also be impacted by the outage.
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The US property catastrophe broker is esteemed among peers.
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The flattish outcome comes after a larger year-on-year hike in January.
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She said potential hurricane activity was just one factor impacting the 2025 outlook.
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Michael Sevi served as general counsel and chief compliance officer at Guy Carpenter.
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Carter said technology is creating more of an imperative to diversify the future insurance workforce.
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