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Guy Carpenter & Company, LLC, is a global risk and reinsurance specialist [1] based in New York with more than 60 offices worldwide. Placing more than $51 billion in gross premium volume in 2021, [2] Guy Carpenter has grown to become one of the world’s leading reinsurance brokers.
In a lawsuit, Eliot Spitzer, then New York State’s attorney general, accused Marsh of not serving as an unbiased broker, leading to increased costs for clients and higher revenues for Marsh. In early 2005, Marsh agreed to pay $850 million to settle the lawsuit and compensate clients whose commercial insurance it arranged from 2001 to 2004. [43]
The company was founded in 1845 in New York as Jones & Johnson by Walter Restored Jones, Jr. and Henry Ward Johnson. [1] In 1854, the company was renamed when A. Foster Higgins replaced Jones who left to do business on his own. [1] By 1900, the company had offices in 8 cities and had 75 employees. [1]
Ping An Insurance China: 937.0 5 China Life Insurance China: 900.5 6 Axa France: 846.3 7 Legal & General United Kingdom: 786.1 8 MetLife United States: 759.7 9 Nippon Life Japan: 725.0 10 Manulife Financial Canada: 718.1 11 Assicurazioni Generali Italy: 663.9 12 American International Group United States: 596.1 13 Life Insurance Corporation ...
In a lawsuit, Eliot Spitzer, then New York State’s attorney general, accused Marsh of not serving as an unbiased broker, leading to increased costs for clients and higher fees for Marsh. In early 2005, Marsh agreed to pay $850 million to settle the lawsuit and compensate clients whose commercial insurance it arranged from 2001 to 2004. [13]
Unlike insurance agents who service one or more insurance companies, brokers represent clients, helping them find the best insurance policies to meet their unique needs.
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