Business

Gallagher acquires majority stake in Brokers’ House

As part of the deal, the current leadership team of Gündüz Tezel and Levent Özbilen will remain with the business

Arthur J. Gallagher and Co has announced that it has purchased a majority stake in Turkish specialty broker Brokers’ House. The terms of the deal have not been disclosed. 

Based in Istanbul, Brokers’ House is a commercial insurance and facultative reinsurance broker offering clients a broad range of commercial and specialty coverages, including property, financial lines, energy, engineering and marine cargo. 

Brokers’ House has been a Gallagher Global Network partner since 2014. 

As part of the deal, the current leadership team of Gündüz Tezel and Levent Özbilen will remain with the business.

J. Patrick Gallagher, chairman, president and CEO of Gallagher, said: “This is a unique opportunity for Gallagher to directly enter the Turkish specialty broking market with a team that is already well known to us.”

“We look forward to working more closely with Gündüz, Levent and their colleagues to expand their client product and service offerings.”

Show More
Back to top button