Global risk and reinsurance specialist Guy Carpenter & Company's Accident & Health team has been named "Reinsurance Broking Team of the Year" at The Review Worldwide Reinsurance Awards 2007, held in London.

The award, which recognises creative solutions and added value in the risk financing process, was presented to Guy Carpenter for its work in creating a catastrophic reinsurance program for a leading US healthcare organisation that addressed global pandemic exposure.

"I would like to congratulate our Accident & Health team on being honored as Reinsurance Broking Team of the Year by such a distinguished panel of judges," said David Spiller, Guy Carpenter's president and CEO.

"The solution they developed for this client is an outstanding example of using creativity, as well as resources and expertise from across our organisation, to navigate uncharted territory and break new ground. The result is a multi-peril coverage framework that can potentially benefit other companies seeking to manage pandemic risk, along with other catastrophe exposures, in a single transaction."