Guy Carpenter announces new Bermuda chief executive

Guy Carpenter announced this week that Peter Stubbings will be the firm’s new chief executive for its Bermuda operations, and that he will be joined in May by Richard Keegan, who will be senior vice president.

Stubbings, who up until now was the Bermuda office chairman, will be responsible for both the Retrocession and International Reinsurance Treaty practices, as well as overseeing new business development and the wholesaling of the firm’s US business into the Bermuda market. He will continue to report to global specialties chief executive Kevin Fisher.

Commenting on the promotion, Fisher said: “Our Bermuda office is market-renowned for the strength and depth of experience and expertise that is represented within the team. Peter has over 34 years of experience across the reinsurance market and since taking up the role of chairman has secured his position as a key figure within the Bermuda market. I look forward to continuing to work closely with him as we endeavour to further strengthen and enhance our position as the Island’s leading reinsurance broker.”

In addition to this, Fisher added that Richard Keegan, who joins Guy Carpenter from Aon Benfield in Bermuda, where he was a property retrocession broker, will work closely with the retrocession team as well as supporting the wholesaling of the US business.

Speaking about the appointment, US operations chief executive Tim Gardner, said: “We are delighted that Richard will be joining the Bermuda team. Working directly with Kevin and Peter, he will play an integral part in the ongoing development of both our retrocession and US wholesale activities in the Bermuda market.”