Guy Carpenter & Company announced the promotion of John Fletcher to Chairman of the firm's Bermuda Operations, with immediate effect.
Most recently Head of Guy Carpenter's Property Retrocessional practice in Bermuda, in his new role Mr. Fletcher is responsible for the development of new business as well as overseeing the activities of the Casualty, Specialty and Retrocessional teams in the region.
He reports to Kevin Fisher, President of Global Specialties at Guy Carpenter.
The promotion of Mr. Fletcher to Chairman of the Bermuda Operations forms part of Guy Carpenter's long-term succession-planning strategy. He has 30 years of reinsurance industry experience, working exclusively at Guy Carpenter. He joined the firm in 1988, and during his career has worked primarily in the property retrocession market both in London and Bermuda, where he has been based since 2013.
In addition, James Morris has been appointed to the Bermuda team as Senior Vice President and Actuarial Analyst. He joins the Global Property Specialty team and provides broking and analytical services to clients and markets both in Bermuda and on a global basis. Mr. Morris joins Guy Carpenter from Aon Bermuda, where he was Senior Technical Reinsurance Analyst in the firm's Global Re Specialty division.
Commenting on Mr. Fletcher's promotion, Mr. Fisher said: "John's promotion to the post of Chairman is fully deserved and is a central part of our ongoing efforts to strengthen our presence in Bermuda. Over the last five years, he has led the Property Retrocession team to great success, and as he takes the helm of our Bermuda office he will look to expand our activities, targeting new areas for growth and seeking to enhance the expansive service capabilities that the division offers. I would also like to welcome James to our Bermuda team, who I am sure will make a very strong contribution to our ongoing success."
Timothy Gardner, President of North America Operations at Guy Carpenter, added: "Our Bermuda office provides one of the largest reinsurance broking operations on the island, offering access to a huge range of expert knowledge, as well as a direct link to the full range of Guy Carpenter's global capabilities. We are always looking to bolster that expertise, and with James joining the Bermuda team, we are adding someone with vast experience in structuring reinsurance and retrocession solutions and who has a thorough understanding of the specific characteristics of the Bermuda market."