The transaction is due to be finalised before the end of the year. Credit: renderis studio/Shutterstock.

Marsh McLennan’s reinsurance unit, Guy Carpenter, has reached an agreement to acquire the remaining 51.5% stake in Athens-based reinsurance broker Carpenter Turner.  

Financial specifics linked to the acquisition of Carpenter Turner, a 11-year joint venture (JV) between the local management and Guy Carpenter, were not shared. 

Related Company Profiles

View all

The deal is due to be finalised before the end of the year. 

Carpenter Turner will be rebranded as Guy Carpenter Greece on deal completion.  

The merged entity will offer Guy Carpenter’s full suite of capabilities including treaty and facultative reinsurance, advanced data and analytics, strategic advisory services and capital markets solutions. 

Carpenter Turner CEO Alexander Turner will assume the role of CEO at Guy Carpenter Greece, reporting to Guy Carpenter Europe CEO Julian Enoizi. 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Turner will oversee the reinsurance business in both Greece and Cyprus. He will also work closely with Marsh McLennan’s other businesses including Marsh, Oliver Wyman, and Mercer to deliver support to clients. 

Turner stated: “This transaction is a natural evolution of the excellent relationship we have always had with Guy Carpenter. Our team will now have access to unrivalled risk and reinsurance services and solutions, as well as a global network than can support our further growth ambitions.” 

Carpenter Turner, founded in 2013, has extensive experience in the Greek and Cypriot markets. It also has a considerable foothold in the Balkans and Turkey.  

The joint venture has combined the regional expertise of the Greek team with Guy Carpenter’s analytical resources and global market access. 

Guy Carpenter CEO and president Dean Klisura said: “Following our successful joint venture launch 11 years ago, our acquisition of the remaining shares in Carpenter Turner is an exciting milestone for our colleagues and clients alike. The combined business will enable us to deliver market-leading solutions and further signals our ongoing commitment to investing in southern Europe.”