Eric Paire Joins Guy Carpenter as European Solutions Group Leader; Laurent Dignat Named Head of European Capital Markets Team

Guy Carpenter & Company, LLC, the leading global risk and reinsurance specialist and a part of the Marsh & McLennan Companies (NYSE: MMC), today announced several key executive appointments underscoring the rapid expansion of the firm’s enterprise risk management (ERM) and capital markets capabilities. Eric Paire, 43, has been named Leader of Guy Carpenter’s European Solutions Group, and Laurent Dignat, who joined the firm earlier this year, will lead the European Capital Markets Team. Both executives will report to David Priebe, Head of Global Specialty Operations. "These high-level appointments demonstrate our commitment to bringing the best and most experienced professionals together and coordinating a global team focused on developing and deploying innovative solutions for our clients,” said Mr. Priebe. "The emerging world of enterprise risk management, including risk and capital management and utilization, has created new opportunities for Guy Carpenter in providing highly specialized advisory and execution services.” Based in Paris, Mr. Paire will be responsible for developing and coordinating Guy Carpenter initiatives for enterprise risk, capital management and corporate finance advisory aimed at assisting clients in Continental Europe and the UK in maximizing capacity, lowering capital cost and developing portfolio management strategies. In his new role, he will work closely with other groups within Guy Carpenter to build and develop the firm’s consultative and transactional capabilities, and ensure that clients throughout Europe benefit from these services. He also will become a member of Guy Carpenter International Board. Mr. Paire joins Guy Carpenter from NessPa Holding, a company he co-founded to manage reinsurance run-off. Previously, he participated in the creation and development of Nexgen Financial Solutions Ltd., which offered capital and risk management services to corporate and financial institutions, including derivatives, reinsurance and securitization, and was acquired by French bank Natixis. At Nexgen, Mr. Paire served as Managing Director of Nexgen Re and Head of insurance-related activities. Prior to joining Nexgen, he held several senior management positions at AXA Re, including Chairman of AXA Re Finance and CEO of AXA Re’s Paris office. Mr. Paire graduated from French Ecole Polytechnique, ENSAE (Ecole Nationale de la Statistique et de l’Administration Economique) and is a fellow of the French Institute of Actuaries. Guy Carpenter also announced the appointments of Fred Morlaye and Jonathan Spry to the firm’s European Capital Markets Team, joining Managing Director Rachel Delhaise and reporting to Mr. Dignat. Mr. Morlaye was previously head of insurance capital advisory at Societe Generale and has significant banking and regulatory experience. Mr. Spry was formerly Director and Head of the Insurance Linked Securities team in the Insurance Ratings Group at Standard & Poor’s, where he was also a member of the Enterprise Risk Management team. Mr. Dignat and his team will focus on credit solutions, insurance securitization, collateralized reinsurance contracts and other alternative reinsurance solutions, including innovative contingent capital, structured risk management solutions and investment strategies, for European clients. Guy Carpenter & Company, LLC is the world’s leading risk and reinsurance specialist and a part of the Marsh & McLennan Companies. Guy Carpenter creates and executes reinsurance and risk management solutions for clients worldwide through 2,600 professionals across the globe. The firm's full breadth of services includes 16 centers of excellence in Accident & Health, Agriculture, Alternative Risk Transfer, Environmental, General Casualty, Investment Banking*, Life & Annuity, Marine & Energy, Professional Liability, Program Manager Solutions, Property, Retrocessional, Structured Risk, Surety, Terror Risk, and Workers Compensation. In addition, Guy Carpenter’s Instrat® unit utilizes industry-leading quantitative skills and modeling tools that optimize the reinsurance decision-making process and help make the firm’s clients more successful. Guy Carpenter’s website address is www.guycarp.com. *Securities or investments, as applicable, are offered in the United States through MMC Securities Corp., a US registered broker-dealer and member NASD/SIPC. Advice on securities or investments in the European Union is provided through MMC Securities Ltd., regulated by the Financial Services Authority for the conduct of investment business in the United Kingdom. Reinsurance products are placed through qualified affiliates of Guy Carpenter. MMC Securities Corp. and MMC Securities Ltd. are affiliates of Guy Carpenter.