Guy Carpenter, a global leader in risk and reinsurance solutions and a Marsh McLennan business, has announced the completion of its acquisition of Re Solutions, the foremost independent reinsurance broker in Israel. Details of the transaction were not disclosed.
The acquisition empowers Guy Carpenter to fortify its footprint in Israel, promising immense strategic value. The move is set to enhance Guy Carpenter’s service portfolio while providing Re Solutions access to global expertise and a broader customer base. Unfortunately, the value of this landmark deal was not disclosed in the announcement.
Re Solutions, founded in 2010, is well-regarded for its innovative, customer-centric solutions, including a wide range of facultative reinsurance offerings. On the other hand, Guy Carpenter is a globally recognised risk and reinsurance specialist with a team of 3,400 professionals across 60 offices worldwide.
Effective immediately, Re Solutions will be rebranded as Guy Carpenter Israel, with Asaf Grinstein, the former CEO of Re Solutions, at the helm as CEO. The newly amalgamated business will enable Guy Carpenter to offer its full spectrum of reinsurance services to clients in Israel, reinforcing its position as the country’s leading reinsurance broker.
Guy Carpenter & Company, LLC is an esteemed global risk and reinsurance specialist. The company offers a potent mix of broking expertise, strategic advisory services, and industry-leading analytics, supporting clients in harnessing emerging opportunities for profitable growth. Being a part of Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in risk, strategy, and people, Guy Carpenter shares a global network of over 85,000 colleagues advising clients in 130 countries and generating an annual revenue of over $20bn.
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