Guy Carpenter swoops Re Solutions for undisclosed quantity

Guy Carpenter, the Marsh McLennan world threat specialist, has introduced its acquisition of Israel-based Re Solutions, the main unbiased reinsurance dealer within the nation. The transaction shall be closed later this quarter, though particulars of the sale weren’t disclosed.

Re Solutions was based in 2010, with reinsurance choices delivered by a extremely regarded workforce of consultants primarily based out of its workplace in Bnei Brak. Since 2011, the Re Solutions workforce has been Guy Carpenter’s correspondent dealer in Israel, making this transaction a robust evolution between the connection of the 2 firms.

Upon completion of the deal, the mixed entity would be the nation’s main reinsurance dealer. It may even present a platform for Guy Carpenter to carry a full complement of its providers, together with its deep insurtech experience, to the Israeli market, which is taken into account one of many world’s main insurtech and fintech hubs.

Part of the deal will see Re Solutions’ present CEO Asaf Grinstein changing into the CEO of Guy Carpenter Israel. Grinstein will report back to Dorothée Mélis-Moutafis, Guy Carpenter Europe Interim CEO, whereas all colleagues underneath the Re Solutions model will be part of the newly established workforce. Grinstein will lead all reinsurance enterprise in Israel, in addition to collaborate with different Marsh McLennan companies together with Marsh Israel, Mercer, and Oliver Wyman.

Guy Carpenter President and CEO Dean Klisura stated that the transaction offers the agency a strong platform in Israel to ship for shoppers.

“The combination of Re Solutions’ well-established Israel operations and respected team together with Guy Carpenter’s global solutions and services, will bring significantly enhanced benefits to clients across Israel. Insurers in this fast-growing economy are looking for brokers and advisers that can help them address key issues in an increasingly complex risk landscape,” Klisura stated.

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