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Global Capital Solutions

Guy Carpenter’s Global Capital Solutions Unit, comprised of GC Securities, Global Risk Solutions, and Capital & Advisory, helps clients determine the best strategy and portfolio from our full range of financial solutions including catastrophe bonds, insurance-linked securities, debt and equity issuance and M&A. Our professionals have extensive backgrounds in finance and capital markets.

Integrated Strategic Advice and Solutions

GC Securities

• ILS including cat bonds and sidecars • Collateralized reinsurance • Private surplus notes • Senior debt/ preferred equity
Learn more about GC Securities

Global Risk Solutions

• Legacy business management and exit • Run-off, buy-side and sell-side
Learn more about Global Risk Solutions

Capital & Advisory

• Business reviews and strategic advice • Buy-side and sell-side M&A • New (re)insurance company formation • Capital raising • Joint Ventures • Public/private partnerships
Learn more about Capital & Advisory

The Capital Solutions Unit works seamlessly with Guy Carpenter reinsurance broking teams globally to add catastrophe advisory, capital-raising, M&A advisory, enhanced and traditional analytics, rating agency advisory, capital optimization and business intelligence.

Headshot of Laurent Rousseau, (CEO, EMEA and Global Capital Solutions)
Our Global Capital Solutions unit, which includes cat bonds and other insurance-linked securities through GC Securities, legacy products through Global Risk Solutions, and capital-raising and M&A advisory services through GC Capital & Advisory, creates an offering that is unmatched in the industry.

Laurent Rousseau, (CEO, EMEA and Global Capital Solutions)

GC Securities

Market-leading team for all aspects of insurance-linked securities, collateralized reinsurance, surplus notes, private credit and reciprocal exchange formations.

GC Securities provides P&C (re)insurance clients with alternative reinsurance and other capital solutions, including insurance-linked securities, collateralized reinsurance, surplus notes, private credit, and reciprocal exchange formations. Additionally, GC Securities advises on mergers, acquisitions and divestitures in partnership with the Capital & Advisory group. GC Securities provides full-service advisory to its clients throughout the transaction including structuring, marketing, negotiating, signing and funding of the deals.

The GC Securities* team complements our reinsurance brokerage colleagues to extend the range of risk-transfer solutions and advisory services for clients. We are a market-leading team for all aspects of insurance-linked securities and other private capital solutions.

Contact GC Securities For More Information

Market-leading team for all aspects of insurance-linked securities, collateralized reinsurance, surplus notes, private credit and reciprocal exchange formations.
 
GC Securities

Addressing Your Most Complex Risks

GC Securities continues to be an industry leader in analyzing, structuring and marketing insurance-linked securities (ILS) that deliver optimal solutions for unique risk transfer needs. In addition, GC Securities is the leading advisor on privately placed surplus notes for the P&C insurance sector. The team is comprised of vastly experienced corporate finance experts in a variety of ILS offerings, such as catastrophe bonds, sidecars, collateralized reinsurance, ILWs and insurance-linked notes, as well as surplus notes, reciprocal exchange formations and M&A. 

GC Securities Areas of Expertise

• Alternative Capital • Insurance-Linked Securities • Derivatives • Collateralized Reinsurance • Corporate Finance • Surplus Notes • Reciprocal Exchange Formations

The Clients We Serve

• (Re)insurance Companies • Corporate Clients • Mutual Insurance Companies • Reciprocal Exchanges • Risk Retention Groups • Federal Agencies • State Residual Plans • Sovereign Countries • Supra-National Organizations • Hedge Funds • InsurTech

Recent GC Securities Transactions

$175 million 144A industry loss index catastrophe bond for a French reinsurer

May 2024 (Sole Structuring Agent and Sole Bookrunner)

$420 million 144A indemnity catastrophe bond for a specialty insurance carrier

May 2024 (Joint Structuring Agent and Joint Bookrunner)

$1.1 billion 144A indemnity catastrophe bond for a Florida residual market insurer

May 2024 (Joint Structuring Agent and Joint Bookrunner)

$100 million 4(a)(2) surplus note for regional P&C insurer

May 2024 (Exclusive Financial Advisor to Issuer)

$210 million 144A indemnity catastrophe bond for a Florida-based private insurance carrier

April 2024 (Sole Structuring Agent and Sole Bookrunner)

$103 million capital raise and formation of an insurance reciprocal exchange

June 2023 (Exclusive Financial Advisor to Issuer)

Global Risk Solutions

The Global Risk Solutions team are specialists in structured and capital-oriented reinsurance including legacy transactions, start-ups, M&A, solvency relief, rating agency relief and other complex situations.

The team is comprised of the most experienced and qualified structured reinsurance professionals in the reinsurance industry, including qualified actuaries, CPA's, former underwriters, ex-buyers of reinsurance. This team is responsible for creating some of the most innovative and proprietary products on behalf of our clients.

Contact Global Risk Solutions for more information

  • Ed Hochberg

    Head of Global Risk Solutions

    Ed.Hochberg

Specialists in structured and capital-oriented reinsurance including legacy transactions, start-ups, M&A, solvency relief, rating agency relief and other complex situations
 

Structured Products & Innovative Risk Transfer Solutions

Structured products frequently achieve broader protection and rating agency goals at a more favorable cost/benefit ratios than conventional options.  We analyse risk, structure/design transactions and quantify the impact of the solution on company’s financial statements and capital models, including the AM Best BCAR model, the NAIC RBC model, Solvency II and others.

Our team conducts modelling that helps clients determine the optimal solution to achieve their financial goals, while remaining within their risk tolerance thresholds. After designing and modelling the solution, transactions are executed in the most efficient and effective marketplace.

More on structured reinsurance

Our Solutions Include

Prospective Covers

• Aggregate Stop Loss Covers (Property, Casualty, Single Year, Multi-Year, etc.) • Clash Covers with and without ECO & XPL Covers • Property Cat Covers (Aggregate, XOL, Top-Drop, Multi-Year, etc.) • Quota Share Covers • Reinsurance to Captives

Retroactive Covers

• Adverse Development Covers (ADC) • Loss Portfolio Transfers (LPT) • Insurance Business Transfer (IBT) • Reinsurance To Close (RTC) • Reinsurance to Captives

Life & Annuity

Both reinsurance and financial reinsurance solutions address the following key product risks: portfolio yield, mortality, longevity, morbidity, equity markets

Recent Global Risk Solutions Transactions

Type: Multi-Year Cat • Motivation: Captial/Earnings Protection

Subject Business: Personal Lines

Type: Whole Account Stop Loss • Motivation: Capital/Earnings Protection

Subject Business: P&C

Type: LPT • Motivation: Exit From a Business

Subject Business: Workers Compensation

Type: QS • Motivation: Captial

Subject Business: Personal Lines

Type: PPR • Motivation: Capital/Earnings Protection

Subject Business: Global Property

Type: LPT/ADC • Motivation: Business Restructuring

Subject Business: Reinsurance

Capital & Advisory

Guy Carpenter’s Capital & Advisory team combines seasoned M&A and capital-raising advisory expertise with a leading global broking platform. We provide insurance clients with an integrated set of strategic and risk advisory services to address their most complex business challenges and opportunities.

Contact Capital & Advisory for more information

Guy Carpenter’s Capital & Advisory team combines seasoned M&A and capital-raising advisory expertise with a leading global broking platform
 
capital and advisory

Strategic Partner to the Insurance Industry

  • Partners with reinsurance brokers to deliver holistic and creative solutions to their clients
  • Boasts a deep domain expertise across the (re)insurance landscape, including M&A execution, capital raising, strategic advice and business planning
  • Composed of seasoned investment bankers with extensive, pure-play insurance expertise across insurance subsectors, geographies and transaction types
  • Focused on delivering independent, conflict-free advice and long-term success of our clients
  • Global presence and offices in key US/UK (re)insurance hubs with access to best-in-class insurance expertise

Strategic partner to the insurance industry which combines unique industry insights, relationships, analytics and transaction structuring expertise

Capital & Advisory is fully integrated into Guy Carpenter

• Insurance insiders who interface with people at the ‘coal- face’ of the industry on a daily basis • Access to market intelligence, views, data and analysis through the GC/MMC network • Client-centric culture focused on providing unbiased and objective advice and building long-term relationships

Access at the highest level to many insurers, reinsurers and insurance investors globally

• Capital & Advisory's network of contacts developed over decades of insurance specific transactions • Guy Carpenter broking relationships with clients at the most senior level across the industry • Further supported by Marsh McLennan‘s global network

Industry-leading analytics

Global Analytics & Advisory team providing expertise in: • Actuarial • Catastrophe modelling • Rating Agency advisory • Stochastic/DFA modelling • Business intelligence/data • Focus on re)insurance

Experienced banking team dedicated to the insurance sector

• M&A professionals in New York and London with significant insurance corporate finance experience • The team has completed over 50 transactions over 10 years • Strict ethical wall between Guy Carpenter’s Capital & Advisory and Reinsurance Broking teams

Recent Capital & Advisory Transactions

$70m Capital Raise / Start-up. Sole financial advisor to a parametric insurance company.

$1.1bn of capital raised through an IPO. Financial advisor to a leading reinsurance carrier.

$400m equity investment by group of investors. Financial advisor to an insurance carrier.

Strategic advisor to an employee benefits provider on strategic alternatives regarding their LTC business.

Strategic advisor to a large life insurance company on portfolio optimization alternatives.

Strategic advisor on M&A-driven growth alternatives for a leading P&C insurance carrier.

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* Securities or investments, as applicable, may be offered in the United States through GC Securities and/or GC Capital & Advisory, each a division of MMC Securities LLC (“MMCS”), a U.S. registered broker-dealer and member of the Financial Industry Regulatory Authority (“FINRA”), the National Futures Association (“NFA”) and the Securities Investor Protection Corporation (“SIPC”). Main Office: 1166 Avenue of the Americas, New York, NY 10036. Phone: (212) 345-5000.

Securities or investments, as applicable, may be offered in the United Kingdom by GC Securities a division of MMC Securities Ltd. (“MMCSL”), which is authorized and regulated by the Financial Conduct Authority, 12 Endeavour Square, London, E20 1JN.

Securities or investments, as applicable, may be offered in the European Economic Area (“EEA”) by GC Securities, a division of MMC Securities (Ireland) Ltd. (“MMCSIL”), which is authorized and regulated by the Central Bank of Ireland, reference number C447471. Main Office: Charlotte House, Charlemont Street, Dublin 2, D02 NV26, Ireland. 

Reinsurance products are placed through qualified affiliates of Guy Carpenter & Company, LLC.

For further legal and regulatory disclosures relating to MMC Securities, including the business continuity plan disclosure, please click here.

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