Guy Carpenter, a leading global risk and reinsurance specialist and a business of Marsh McLennan, has completed its previously announced acquisition of Re Solutions, now Guy Carpenter Israel.
Asaf Grinstein, formerly CEO of Re Solutions, has been named CEO at Guy Carpenter Israel.
According to the firm, Guy Carpenter Israel is now the country’s leading reinsurance broker, offering a comprehensive range of capabilities, solutions, and advice.
“The newly combined business provides a platform for Guy Carpenter to deliver its full complement of reinsurance services to clients in Israel,” the firm wrote.
Re Solutions was founded in 2010 and has been Guy Carpenter’s correspondent broker in Israel since 2011.
At the time of the initial announcement, Dean Klisura, President & CEO of Guy Carpenter, said, “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. This transaction, which is driven by our ambitions to invest in Israel, gives us a powerful platform to deliver for clients.”
Grinstein also noted, “This transaction is a natural evolution of the excellent relationship we have always had with Guy Carpenter and is great news for our clients and colleagues.
“By combining our expertise with Guy Carpenter’s industry-leading data & analytics, strategic advisory, and capital markets solutions, we will be able to accelerate our development and enhance the services we offer to clients and prospects.”
