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Guy Carpenter Bermuda resets management team

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Guy Carpenter & Co. L.L.C. has named Peter Stubbings to succeed Tony Fox as CEO of the firm's Bermuda operations.

Mr. Fox is now chairman of Aon Benfield Group Ltd.'s Bermuda Global ReSpeciality team, an Aon spokesman said Tuesday in an emailed statement.

Additionally, Richard Keegan, formerly of Aon Benfield, will join the Bermuda team as senior vice president in May. Both executives will be based in Hamilton, Bermuda.

In his new role, Mr. Stubbings will be responsible for retrocession and international reinsurance treaty practices, overseeing new business development and the wholesaling of the firm's U.S. business into the Bermuda market, Guy Carpenter said Monday in a statement. Mr. Keegan will work closely with the retrocession team and support the wholesaling of the U.S. business, Guy Carpenter added.

Previously, Mr. Stubbings was chairman of Guy Carpenter's Bermuda office, while Mr. Keegan was property retrocession broker at Aon Benfield, according to the statement.

“Our Bermuda office is market-renowned for the strength and depth of experience and expertise that is represented within the team. Peter has over 34 years of experience across the reinsurance market and since taking up the role of chairman has secured his position as a key figure within the Bermuda market,” Kevin Fisher, Guy Carpenter's CEO of global specialties, said in the statement.