 | |
| Company type | Subsidiary |
|---|---|
| Industry | Reinsurance |
| Founded | 1922; 104 years ago (1922) |
| Headquarters | New York City,New York, U.S. |
Key people | Dean Klisura (President and Chief Executive Officer) David Priebe (Chairman) |
| Products |
|
| Revenue | $2.5 billion (2025) |
Number of employees | 3,400 |
| Parent | Marsh McLennan |
| Website | www |
Guy Carpenter & Company, LLC is a global risk and reinsurance specialist[1] based in New York with more than 60 offices worldwide. Placing more than $51 billion in gross premium volume in 2021,[2] Guy Carpenter has grown to become one of the world’s leading reinsurance brokers.
The company, a subsidiary ofMarsh McLennan, was acquired byMarsh & McLennan Companies in 1923.[3]
Guy Carpenter (1869–1935)[4] founded the company in 1922 and concluded a merger with MMC foundersHenry W. Marsh andDonald R. McLennan about a year later.[5][6] Concurrently, he was the manager[7] ofAtlanta-based[8][9] Cotton Insurance Association,[6] which had been organized in 1905.[10]
The Carpenter Plan[11] was based on using a rolling average of losses, over a period of years, rather than simply looking at the prior year.[12] One result was that insurance contracts were focused more on what wasnot covered. Carpenter's contracts were more inclusive - the focus was on what was excluded.[13] Fire insurance paid for the damage resulting from a fire. An example of how this did not work was the following:
The firm occupied eight floors (47–55) in the South Tower and one (94) in the North Tower of the World Trade Center in New York City until the9/11 attacks destroyed the complex in 2001.
In February 2020, Guy Carpenter & Company entered into a multi-year agreement with Karen Clark and Company (KCC) to license its catalogue of natural catastrophe models, analytics and execution software.[15] Another area is "Cyber insurance",[16][17] working withSymantec to measure "severity and frequency."[18]
Guy Carpenter ... when he was insurance manager of the Cotton Insurance Association
F. M. Butt of Atlanta has been chosen manager of the Cotton Insurance Association
Texas Commissioner of Insurance ... with the Cotton Insurance Association of Atlanta, which is ...
COTTON INSURANCE ASSOCIATION .. organized in 1905
... broker Guy Carpenter ... the Carpenter Plan represented