Guy Carpenter has made a strategic investment in a new venture designed to help develop business in Greece, Cyprus and adjacent countries.
The new company will be known as Carpenter Turner and as of 9 September will take over all renewing business from Guy Carpenter’s office in Athens.
Guy Carpenter said in a release that the new venture would combine the “significant regional knowledge” of the Turner family with Guy Carpenter’s analytical resources and access to international markets.
Nick Frankland, CEO of EMEA operations at Guy Carpenter, said: “In order to further develop our business and to provide enhanced support to our Greek and Cypriot clients, we have today announced a strategic decision to invest in a new venture set up by the Turner family.”
“The Turner family has an exceptional insight into and relationship with the Greek and Cypriot insurance communities, and we firmly believe that our investments in their enterprise will prove extremely beneficial for our clients.”
Alex Turner, managing director of Carpenter Turner, added: “We are delighted that a firm of the caliber of Guy Carpenter has chosen to make such a significant investment in our new company, Carpenter Turner.”
“The firm’s excellent standing in the international arena coupled with their market-leading analytical expertise will prove invaluable to the overall success of our venture.”
