Marsh Mclennan’s Guy Carpenter is to acquire Israeli reinsurance broker Re Solutions.
Established in 2010, Re Solutions specialises in actuarial and analytics.
Based in Bnei Brak, the firm has been Guy Carpenter’s correspondent broker in Israel since 2011.
The mandate will provide Guy Carpenter with a full range of services, including insurtech knowledge in the Israeli market.
As part of the agreement, Re Solutions’ CEO, Asaf Grinstein, will become the CEO of Guy Carpenter Israel. He will report to Dorothée Mélis-Moutafis, the interim CEO of Guy Carpenter Europe.
Grinstein will be responsible for leading all reinsurance business in Israel as well as collaborating with Marsh McLennan’s other businesses which include Marsh Israel, Mercer and Oliver Wyman.
Commenting on the mandate, Dean Klisura, president and CEO of Guy Carpenter, says: “The combination of Re Solutions’ well-established Israel operations team together with Guy Carpenter’s global solutions and services, will bring 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.”
