Reinsurance broker Guy Carpenter and global insurance broker Marsh, both businesses of Marsh McLennan (MMC), announced that they will combine their South Africa facultative reinsurance operations into a single business, effective January 1, 2022. The new unit will operate under the Guy Carpenter brand.

The announcement forms part of Guy Carpenter's strategy to expand its presence across the region. The combined operation will provide clients with improved access to the company's regional and global facultative capabilities, including its market-leading analytics, enhancing its ability to deliver structured and cost-effective risk-transfer solutions.

The unit will be led by Don WRIGHT, who has been appointed Head of Facultative Broking for the region. Based in Johannesburg, he will report to Jane MARCH, Guy Carpenter's CEO for South Africa. Mr. WRIGHT has more than 35 years of (re)insurance market experience, including 14 years in the reinsurance broking sector. Most recently, he served as Head of Reinsurance for Marsh in South Africa, and prior to this was part of JLT Re.