Guy Carpenter and Marsh to combine South Africa operations

Guy Carpenter, a leading global risk and reinsurance specialist, and Marsh, the world’s leading insurance broker and risk adviser, both businesses of Marsh McLennan (MMC), today announced that they will combine their South Africa facultative reinsurance operations into a single business, effective January 1, 2022. The new unit will operate under the Guy Carpenter brand.

The announcement forms part of Guy Carpenter’s strategy to expand its presence across the region. The combined operation will provide clients with improved access to the company’s regional and global facultative capabilities, including its market-leading analytics, enhancing its ability to deliver structured and cost-effective risk-transfer solutions.

The unit will be led by Don Wright, who has been appointed Head of Facultative Broking for the region. Based in Johannesburg, he will report to Jane March, Guy Carpenter’s CEO for South Africa. Mr. Wright has more than 35 years of (re)insurance market experience, including 14 years in the reinsurance broking sector. Most recently, he served as Head of Reinsurance for Marsh in South Africa, and prior to this was part of JLT Re.

“Today’s announcement further strengthens our position as a leading provider of facultative solutions to the reinsurance market in South Africa,” said Ms. March, commenting on the combined facultative operation. “By bringing together the Guy Carpenter and Marsh teams under Don’s leadership, we will be able to offer carriers a more efficient and effective way to access the full breadth of our facultative capabilities.”