Concerns about the rising cost and frequency of catastrophe losses have prompted the need for other mechanisms that transfer the catastrophic risk arising from natural perils. With the convergence of reinsurance and capital markets, Guy Carpenter's Investment Banking Specialty Practice*, a division of MMC Securities Corp., extends our traditional services beyond reinsurance to provide investment banking services to the insurance industry. Our deep insurance knowledge, extensive industry contacts and investment banking expertise combine to create a powerful, value-added service for our clients.