Two days after JLT Towers Re announced that David Flandro was joining the firm from a prior position at Guy Carpenter, Guy Carpenter announced that it snagged two executives from JLT Tower Re—Eric Simpson and Mark Murray.

Simpson will be a Managing Director and Murray, a Senior Vice President. Simpson will report to Jack Snyder, Managing Director, Head of the Rating Agency Practice, Guy Carpenter Strategic Advisory, and Murray will report to Simpson.

Today’s announcement noted that Simpson and Murray actually took on their new roles late last month, and that they are based in the Philadelphia office.

Simpson is a well-known industry executive with deep rating agency knowledge and expertise, particularly with A.M. Best. He has more than 30 years of experience in the insurance industry and was most recently the head of JLT Towers Re’s (formerly Towers Watson Re) global rating agency and ERM practice.

Prior to that, he held chief financial officer roles at Everest Reinsurance and American Re-Insurance.

He developed his rating agency skills at A.M. Best where he worked for more than 10 years and became the head of the property/casualty rating division.

He started his career as a CPA with Peat Marwick in Philadelphia.

It is expected that Simpson will enhance Guy Carpenter’s rating advisory capabilities and will be responsible for helping U.S.-based clients address evolving rating agency requirements including Best’s stochastic-based BCAR model and regulatory challenges posed by ORSA in the context of executing their business plans and enhancing their performance and risk-based decisions.

Simpson will also provide leadership and coordination to Guy Carpenter’s Strategic Advisory practice, led by ERM and Economic Capital Modeling offerings.

Murray joins Guy Carpenter with over 15 years of rating agency advisory experience. He is responsible for supporting Guy Carpenter’s Mutual Company Specialty Practice and providing extensive rating advisory insight and analysis to these clients.

Previously, Murray worked for 10 years at JLT Towers Re (formerly Towers Watson Re) as a senior member of the rating advisory and market security units. He also spent five years at A.M. Best where he followed many regional property/casualty companies.

According to Guy Carpenter, Murray has a very strong knowledge of rating agency capital models (A.M. Best and S&P) and will oversee Guy Carpenter’s maintenance and development of its rating agency capital tools, including the emergence of A.M. Best’s stochastic-based BCAR model.

Source: Guy Carpenter