j-patrick-gallagher-jnr-ceo-gallagher1
12 August 2021Insurance

Gallagher forays into Turkish specialty broking market with latest move

Global insurance broker  Arthur J Gallagher has entered the Turkish specialty broking market through its latest acquisition deal.

Gallagher has purchased a majority stake in Istanbul-based Brokers' House, 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.

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

Patrick Gallagher, Jr. (picured), chairman, president and CEO, 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."

Did you get value from this story?  Sign up to our free daily newsletters and get stories like this sent straight to your inbox.

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
2 August 2021   The acquired firm offers a full range of insurance products and services across the Chicago region.
Insurance
17 June 2021   The broker says this strategic partnership is a part of its ambitious plans for Canada.