The financial terms of the transaction have not been disclosed. Following the completion of the acquisition, Re Solutions has been rebranded as Guy Carpenter Israel, with Asaf Grinstein, the former CEO of Re Solutions, taking on the role of CEO for the rebranded company.
Re Solutions, established in 2010, has established a strong reputation in the industry for its expertise and commitment to delivering innovative and client-centric solutions. The company offers a wide range of facultative reinsurance offerings. With the integration of Re Solutions into Guy Carpenter Israel, the company now holds a prominent position as the leading reinsurance broker in Israel. This strategic move enables Guy Carpenter to provide a comprehensive suite of capabilities, solutions, and advisory services to clients in the Israeli market.
The acquisition, which was initially announced in May, strengthens Guy Carpenter’s presence in Israel and enhances its ability to effectively serve the local market. In addition to this acquisition, Guy Carpenter has recently formed a partnership with TNEDICCA, an analytics provider, to offer advanced automotive analytics to its insurance carrier partners. These developments further solidify Guy Carpenter’s position as a leading player in the global reinsurance industry.
