Guy Carpenter CEO: Management Changes Streamline Company
<table cellspacing=0 cellpadding=0 border=0><tr><td align=right>Copyright: </td><td>(c) 2011 A.M. Best Company, Inc.</td></tr><tr><td align=right>Source: </td><td>A.M. Best Company, Inc.</td></tr><tr><td align=right>Wordcount: </td><td>392</td></tr></table><!-- start_body --><br><p>Reinsurance broker <org>Guy Carpenter & Co.</org> has promoted several executives as part of a plan to streamline its management structure, said <person>Alex Moczarski</person>, president and chief executive officer of Guy Carpenter.</p><p><person>Chris McKeown</person> has been appointed to the newly created position of vice chairman of Guy Carpenter. McKeown, who had been president and CEO of Guy Carpenter's <location value="LB/nam" idsrc="xmltag.org">North America</location> broking operations, will focus on implementing key strategic initiatives of innovation and capital creation across Guy Carpenter.</p><p>"It gives him the flexibility to do what I think he's exceptional at, using his creativity," Moczarski said. "It gives him the ability to focus on that rather than spend time on administration."</p><p>Also, Guy Carpenter’s U.S. regions have been reduced from three territories to two.</p><p><person>Peter Chandler</person> has been named leader of the broker’s <location>U.S. Eastern Region</location>, and <person>Pat Denzer</person> has been appointed to lead the firm’s <location>U.S. Western Region</location>. Both will report to Moczarski.</p><p><person>Terry Russell</person>, formerly the firm’s <location>U.S. Mid-America Region</location> leader, will focus on developing Guy Carpenter’s global agriculture, surety and medical malpractice business. He will report to <person>Andrew Marcell</person>, Guy Carpenter’s CEO of global practices and head of placement strategy.</p><p>The changes "allow me to flatten the management of Guy Carpenter. It allows me to have closer links to the regions, a closer line of sight," Moczarski said.</p><p>Moczarski, who's been with Marsh since 1993, was named president and CEO of Guy Carpenter in April.</p><p>Coming off Moczarski's first Rendez-Vous in <location value="LU/mc..mntcrl" idsrc="xmltag.org">Monte Carlo</location> as a reinsurance broker, Moczarski said the conference is a chance to take "the market's temperature."</p><p>"It's a strange time," Moczarski said. "The market is adrift."</p><p>Pressures on the market include large catastrophe claims for the first half of 2011, excess capital, struggling economies, concerns about sovereign debt, potential for inflation and deflation and low interest rates and returns on investments.</p><p>"And, we're still in the wind storm season," Moczarski said. "It's a tough thing to call today, especially when buyers of reinsurance are trying to push the market down and sellers are trying to push it up."</p><p>Guy Carpenter is the reinsurance brokerage arm of <org value="NYSE:MMC" idsrc="xmltag.org">Marsh & McLennan Cos</org>. (NYSE: MMC), the largest insurance broker in the world, with total revenues in 2010 of <money>$10.5 billion</money>, according to <org>Best's Review magazine's</org> annual ranking of the top global insurance brokers.</p><p>(By <person>Meg Green</person>, senior associate editor, BestWeek: <a href="mailto:[email protected]">[email protected]</a>)</p>
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