Guy Carpenter completes acquisition of Israel-based firm

Global risk and reinsurance specialist Guy Carpenter, a subsidiary of Marsh McLennan, has confirmed the successful completion of its acquisition of Re Solutions, an independent reinsurance broker located in Israel. Financial terms of the deal were not disclosed.

Following the acquisition, Re Solutions moved to Guy Carpenter Israel. Asaf Grinstein, the former CEO of Re Solutions, will become CEO of the rebranded company.

Since its establishment in 2010, Re Solutions has built a strong reputation for its industry expertise and its commitment to delivering innovative and client-centric solutions, including a wide range of facultative reinsurance offerings.

The merger of Re Solutions into Guy Carpenter Israel positions the company as the leading reinsurance broker in Israel. It now offers a comprehensive set of capabilities, solutions, and consulting services.

The deal, announced in May, will enable Guy Carpenter to provide its full range of reinsurance services to Israeli clients, further enhancing its presence and ability to serve the market in effective way.

Guy Carpenter also recently announced a partnership with analytics provider TNEDICCA to provide advanced automotive analytics to its insurance carrier partners.

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