Guy Carpenter launches marine and energy practice
Guy Carpenter & Company announced the launch of a Marine & Energy mutual, agency and captive reinsurance solutions practice, and the appointment of Demian Smith as Managing Director to lead this new practice.
This practice, which forms part of Guy Carpenter’s Global Marine & Energy Specialty group, is one of several key growth strategies the company is focusing on in the marine & energy sector. It creates a single platform combining the company’s industry expertise, sector-focused data and analytics, and risk management services.
Based in London, Smith will report to Jim Summers, Global Head of Marine & Energy Specialty and Deputy CEO of Global Specialties at Guy Carpenter.
Smith brings over 25 years of London market experience. Most recently, he was a consultant for Lloyd’s broker Smith Bilbrough & Co and prior to this was Group CEO of Starstone Holdings Limited, a subsidiary of Enstar Group.
“The role of mutuals, agencies and captives in providing targeted underwriting facilities to the marine & energy market has increased exponentially in recent years as carriers have looked to access niche sectors and distribution channels. By focusing our extensive capabilities and deep industry knowledge within one practice and under Demian’s leadership, Guy Carpenter is able to demonstrate once again its marketleading ability to match capital and risk precisely and efficiently.” – Jim Summers.