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Guy Carpenter Recognized as Reinsurance Broker of the Year at Asia Insurance Industry Awards

Source: Guy Carpenter

Posted on 17 Nov 2009

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Guy Carpenter & Company, LLC has been named "Reinsurance Broker of the Year" at the Asia Insurance Industry Awards 2009 -- the second consecutive year that Guy Carpenter has received this honor. Jointly organized by two major (re)insurance publications, Asia Insurance Review and The Review, the awards ceremony was held on November 9 during the Singapore International Reinsurance Conference.

In honoring Guy Carpenter, the judging panel cited the firm's "innovative approach and long- standing reputation” in Asia. Award judges also acknowledged the strength of Guy Carpenter’s global network and its ability to share information and knowledge, both globally and within the Asian market. In addition, the panel praised Guy Carpenter’s tradition of innovation, including their sophisticated risk management platform, specialized models covering Asian risks and establishment of the Asia-Pacific Climate Impact Centre (GCACIC), focusing on Asia Pacific climate perils.

Guy Carpenter was the first reinsurance broker to establish a headquarters in Asia-Pacific and maintains deep roots throughout the region. The firm’s Asia-Pacific business grew significantly in 2008, across a number of core territories, including Japan, greater China and Southeast Asia.

The Asia Insurance Industry Awards, now in their 13th year, recognize the leaders in the global (re)insurance industry. Award winners are selected by a sterling judging panel of 24 eminent regional leaders and worldwide industry experts.

James Nash, CEO of Guy Carpenter’s Asia Pacific Operations, said about the award, "We are extremely gratified to be recognized as Reinsurance Broker of the Year for the second successive year in the Asia Pacific market. Our commitment to the region remains strong, even in a difficult global financial environment, and we will continue to make investments – both in resources and solutions – with the single aim of assisting our clients to become more successful."