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US Reinsurer Opens Operations in Bermuda

Press Release

15 November 2000

Guy Carpenter and Company, Inc. announced today the opening of new offices in Hamilton, Bermuda to manage its business opportunities in the territory. Guy Carpenter's new operation will be housed within the Marsh Global Broking group in Bermuda, and will be managed by Norbert (Bert) Golinski.

In his new capacity, Mr. Golinski will maintain responsibility for his current US-based and Bermuda accounts, while expanding his role to include Bermuda insurance and reinsurance business for Guy Carpenter.

Mr. Golinski continues to report to Greg Ostrowski, Managing Director and head of Guy Carpenter's Philadelphia operation, for all account activity. He is also part of the Global Special Property Practice and will continue to lead the Index Based Product Team worldwide, both headed by David Priebe, Managing Director at Guy Carpenter's headquarters in New York.

"We feel it is important for our Bermuda clients, prospects, and markets to have local access to the vast global resources of Guy Carpenter," said Sal Zaffino, Chairman and Chief Executive Officer of Guy Carpenter. "With growing business opportunities in Bermuda, an increased local presence sends a strong signal to our clients and local markets about Guy Carpenter's commitment to their business."

Mr. Golinski joined Guy Carpenter in 1995, and was appointed Senior Vice President in 1998. Before joining the firm, he held senior underwriting positions with Prudential Re (now Everest Re) and SCOR Re. Mr. Golinski received his B.Sc. in Financial Management from Clemson University, and an MBA from Temple University. He also holds Charter Property and Casualty Underwriter (CPCU) and Associate in Reinsurance (ARe) designations.

Guy Carpenter & Company, Inc., is a leading global reinsurance intermediary that advises insurance and reinsurance companies on risk management, and provides a comprehensive array of related support services. The Company structures and places reinsurance coverage and other risk transfer financing with reinsurance firms and capital markets worldwide. Guy Carpenter is a member of Marsh & McLennan Companies, Inc.


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