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 headquartered in Israel. The financial terms of the deal have not been disclosed.

Following the acquisition, Re Solutions has transitioned into Guy Carpenter Israel. Asaf Grinstein, the former CEO of Re Solutions, will be the CEO of the rebranded company.

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

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

The deal, announced in May, enables Guy Carpenter to provide its full array of reinsurance services to clients in Israel, further enhancing its presence and ability to serve the market effectively.

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

Have something to say about this story? Let us know in the comments below.