29 May 2014News

Guy Carp enhance rating agency practice with senior appointments

Guy Carpenter has announced the appointments of Eric Simpson as managing director and Mark Murray as senior vice president.

Both are based in the Philadelphia office. Murray reports to Simpson, who reports directly to Jack Snyder, managing director and head of the rating agency practice for Guy Carpenter strategic advisory.

Simpson is a well-known industry executive with deep rating agency knowledge and expertise, particularly with A.M. Best where he worked for more than 10 years. Guy Carpenter says he will significantly enhance the company’s rating advisory capabilities and will be responsible for helping US-based clients address evolving rating agency requirements.

Simpson will also provide leadership and coordination to Guy Carpenter’s strategic advisory practice, led by its fast growing ERM and economic capital modeling offerings. Simpson has more than 30 years of experience in the insurance industry and was most recently the head of JLT Towers Re’s global rating agency and ERM practice.

Murray joins Guy Carpenter with over 15 years of rating agency advisory experience. He has a very strong knowledge of rating agency capital models (A.M. Best and S&P) and will oversee Guy Carpenter’s maintenance and development of its rating agency capital tools. Murray worked for 10 years at JLT Towers Re as a senior member of the rating advisory and market security units. He also spent five years at A.M. Best where he followed many regional property casualty companies.

Snyder comments, “Eric is highly regarded in the industry as a trusted advisor. The combination of his executive rating agency experience and senior financial management experience with (re)insurers enables him to work with clients across a range of rating, capital management, and risk management issues. We have a long history of working together and it is exciting to have him on the Guy Carpenter team.”

Andrew Marcell, CEO of US operations at Guy Carpenter, says, “Recognizing the range of capital management, ERM and rating challenges our clients face, we have significantly expanded our rating agency practice. Guy Carpenter strategic advisory has the strongest rating advisory offering in the industry and Eric and Mark further enhance our existing practice led by Jack Snyder.”