Worldwide P&C ESG Wins for Barrie & Hibbert

15 June 2009

Barrie & Hibbert, financial risk modelers, have announced two major new contracts for their Property & Casualty Economic Scenario Generator service. Following the opening of its New York office just over one year ago, these new relationships further strengthen Barrie & Hibbert’s positioning as a global market leader in the provision of ESG services across the life, P&C, pension and asset management sectors.

US based global reinsurance intermediary Guy Carpenter & Company, LLC will use a multi-economy scenario set subscription service provided by Barrie & Hibbert in their reinsurance broking services across the globe.

Susan Witcraft, Managing Director, of Guy Carpenter & Company, LLC commented: “We look forward to a long and beneficial working relationship with Barrie & Hibbert. We were very impressed by the models, calibrations and support provided, but we ultimately chose Barrie & Hibbert because of its people, strong reputation and responsiveness.”

Meanwhile, in a separate engagement, Barrie & Hibbert is also working with a global P&C reinsurance group to license the Barrie & Hibbert ESG software service. The software will be used by the P&C reinsurer in North America and Europe.


Craig Turnbull, Regional Head, Americas of Barrie & Hibbert added: “We are extremely happy to welcome these two major global P&C players to the Barrie & Hibbert ESG client group. Both firms subjected us to strenuous technical evaluations as part of highly competitive tenders. Together, these successes are a terrific endorsement of our market-leading ESG services to the global P&C sector.”

The P&C ESG provides a range of high-performance real-world multi-asset stochastic modeling capabilities within a robust Monte Carlo stimulation software tool. It has the ability to project a broad range of economic risk drivers and asset types such as Treasuries, equities, corporate and Municipal bonds and mortgage-backed securities across multiple economies. With unlimited simulations and editable parameters, Barrie & Hibbert’s have created this ESG as a solution for the global Property and Casualty sector.

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