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Guy Carpenter opens Asia-Pacific retrocession unit

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Guy Carpenter & Co. L.L.C. on Thursday said it is launching GC Asia Pacific Retro to provide dedicated retrocession services for clients in the Asia-Pacific region.

Simon Hughes, managing director, and Ben Dunnett, senior vice president, will head the new unit, which will provide retrocession property solutions to complement Guy Carpenter’s existing marine and aviation units in the region in addition to focusing on retrocessional solutions, raising capital and product and development, the company said in a statement.

Mr. Hughes, who will also retain his role as Guy Carpenter’s senior broker for Australasian business, will be based in London.

Mr. Dunnett has worked in Guy Carpenter’s nonmarine specialty team for 10 years as senior vice president and is based in Singapore. Both will report to James Boyce, head of nonmarine specialty, and James Nash, president of Guy Carpenter’s international division.

“GC Asia Pacific Retro provides us with the perfect platform to deliver our specialist retrocession expertise direct to our clients in the region,” Kevin Fisher, CEO of global specialties, said in the statement.