AddThis Social Bookmark Button

News

Guy Carpenter Wins "Reinsurance Broking Team of the Year" At The Review Worldwide Reinsurance Awards 2008

NEW YORK-(Business Wire)-September 4, 2008 - Guy Carpenter & Company, LLC, the leading global risk and reinsurance specialist, announced today that it has won the “Reinsurance Broking Team of the Year†award at The Review Worldwide Reinsurance Awards 2008. The award, in recognition of the extension of Guy Carpenter’s i-aXs® risk management platform to workers compensation and life, accident and health business lines, was presented yesterday at The Dorchester Hotel in London.

“Since the introduction of the i-aXs platform in 2006, we have worked diligently to build on its groundbreaking features, adding new capabilities and expanding its functionality across key lines of business,†said Peter Zaffino, President and CEO, Guy Carpenter. “With more than 2,000 i-aXs users now performing vital risk management functions on a day-to-day basis, the online platform has been a resounding success. We thank The Review for this outstanding recognition and congratulate our entire global i-aXs team.â€

i-aXs is a web-based platform that gives clients the power to quickly convert vast amounts of data into clear, concise information and make faster, better-informed risk management decisions. i-aXs allows insurers to answer questions related to incident- or location-specific “people risks,†and to better manage these risks – both those that they are considering underwriting and those currently in their portfolios.

The judging panel noted that “the creation of i-aXs is another example of Guy Carpenter's ability to respond imaginatively and creatively to clients' needs." The judging panel also commented, “Being able to easily transform data in real time into information and insights that help them manage a portfolio more profitably can only aid today's underwriter.â€

Greg Dobie, editor of The Review, added, “The judging panel was particularly impressed by the fact that i-aXs allows insurers to view, analyze, and graph results from numerous analyses performed on their data in seconds – right from their desktops. i-aXs revolutionizes the industry’s ability to use data, and for that its development team deserves great credit.â€

Guy Carpenter’s Accident & Health team was named “Reinsurance Broking Team of the Year†in 2007.

The Review Worldwide Reinsurance Awards, sponsored by The Review magazine, annually recognize the leading performers in the global reinsurance industry. The Reinsurance Broking Team of the Year award recognizes the winning team “for generating creative solutions and added value in the risk financing process.†Award winners are selected by a distinguished judging panel of industry chief executives.

About Guy Carpenter

Guy Carpenter & Company, LLC is the world’s leading risk and reinsurance specialist and a part of the Marsh & McLennan Companies. With 50 offices worldwide, Guy Carpenter creates and executes reinsurance solutions and delivers capital market solutions* for clients across the globe. The firm’s full breadth of services includes line of business expertise in Agriculture; Aviation; Casualty Clash; Construction and Engineering; Excess and Umbrella; Life, Accident and Health; Marine; Medical; Political Risk and Trade Credit; Professional Liability; Property; Retrocessional Reinsurance; Surety; Terrorism and Workers Compensation. GCFac® is Guy Carpenter’s dedicated global facultative reinsurance unit that provides placement strategies, timely market access and centralized management of facultative reinsurance solutions. In addition, Guy Carpenter’s Instrat® unit utilizes industry-leading quantitative skills and modeling tools that optimize the reinsurance decision-making process and help make the firm’s clients more successful. Guy Carpenter’s website address is www.guycarp.com.

* Securities or investments, as applicable, are offered in the United States through GC Securities, which is a division of MMC Securities Corp., a US registered broker-dealer and member FINRA/SIPC. Main Office: 1166 Avenue of the Americas, New York, NY 10036. Phone: (212) 345-5000. Advice on securities or investments in the European Union is provided through GC Securities Ltd., authorized and regulated in the UK by the Financial Services Authority. Reinsurance products are placed through qualified affiliates of Guy Carpenter & Company, LLC. MMC Securities Corp., GC Securities Ltd. and Guy Carpenter & Company, LLC are affiliates owned by Marsh & McLennan Companies. This communication is not intended as an offer to sell or a solicitation of any offer to buy any security, financial instrument, reinsurance or insurance product.

Join Our Email List
Receive Updates On Features, Specials & Offers  
For Email Marketing you can trust

Search Our News Using Google Search

Can't find what you want? Try using Google:

Google