Guy Carpenter completes acquisition of Carpenter Turner
Deal News | Jan 07, 2025 | Re-Insurance News
Guy Carpenter, the reinsurance broking subsidiary of Marsh McLennan, has finalized its acquisition of the remaining 51.5% stake in the Athens-based reinsurance advisory firm Carpenter Turner. Following the acquisition, the business now operates as Guy Carpenter Greece and aims to deliver an array of sophisticated global capabilities in treaty and facultative reinsurance, data analytics, strategic advisory, and capital markets solutions across the Greek, Cypriot, Balkan, and Turkish markets. Alexander Turner, the former CEO of Carpenter Turner, will lead the new entity as CEO of Guy Carpenter Greece, reporting to Julian Enoizi, CEO of Guy Carpenter Europe. Dean Klisura, CEO of Guy Carpenter, has emphasized the strategic value of this acquisition, highlighting it as a reinforcement of the company's commitment to Southern Europe. Alexander Turner has expressed enthusiasm for the access to expanded resources and the potential for addressing client risk challenges with innovative solutions.
Sectors
- Reinsurance
- Advisory
Geography
- Greece – Carpenter Turner is based in Athens, Greece, and the newly integrated Guy Carpenter Greece will operate from and focus its services on this geography.
- Southern Europe – The acquisition is part of a broader strategy to invest and expand services in Southern Europe, which includes Greece, Cyprus, the Balkans, and Turkey.
Industry
- Reinsurance – The article primarily discusses the completion of an acquisition within the reinsurance sector, with Guy Carpenter and Carpenter Turner providing reinsurance services.
- Advisory – Carpenter Turner operates as an advisory business, offering strategic advice that aligns with Guy Carpenter’s capabilities post-acquisition.
Financials
- 51.5% – The percentage of shares acquired by Guy Carpenter in Carpenter Turner.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Guy Carpenter | Acquirer | Company | A reinsurance brokerage and risk management firm, part of Marsh McLennan. |
| Carpenter Turner | Target | Company | An Athens-based reinsurance broking and advisory company. |
| Marsh McLennan | Parent Company | Company | The parent company of Guy Carpenter, a global professional services firm. |
| Alexander Turner | CEO of Guy Carpenter Greece | Person | Former CEO of Carpenter Turner, now CEO of Guy Carpenter Greece. |
| Julian Enoizi | CEO of Guy Carpenter Europe | Person | Oversees operations including the newly integrated Guy Carpenter Greece. |
| Dean Klisura | President & CEO of Guy Carpenter | Person | CEO of Guy Carpenter, who commented on the strategic importance of the acquisition. |