This follows Gallagher’s acquisition of Brokers’ House in August 2021.
Founded in 2010, Broker’s House is an Istanbul-headquartered commercial insurance and facultative reinsurance broker that offers a range of commercial and specialty lines, including property, financial lines, energy, engineering, and marine. It has 25 employees and is led by CEO Gündüz Tezel and CFO Levent Özbilen, who will remain with the business in their current roles.
“We first started working with Gallagher in 2014 as a partner on its global network and, as a result, we knew our culture and focus on to client service were both similar,” Tezel said. “This next step positions us very well for further growth in our current areas of capability and provides the opportunity to work across additional industries. Becoming fully integrated with Gallagher will ensure clients gain full access to international markets and expertise, and a wider range of products and services, while continuing to receive the same high-quality service from the team they know.”
According to Gallagher, this move marks its further investment in Turkey, which is developing into a strategic insurance hub between Asia and Europe. The Turkey-based team will benefit from operating under a well-established insurance brand, which will help it advance its growth plans, Gallagher said.
Clients will continue to have the same day-to-day contacts at the firm and will benefit from the global scale and buying power of Gallagher, as well as its expertise across 39,000 global employees.
“Having an on-the-ground Gallagher presence in Turkey is an exciting step as we continue to expand our operations in both Europe and Asia,” said Vyvienne Wade, chairperson of global broking in Europe, Middle East and Asia at Gallagher. “When we buy a business, its biggest assets are its people, and the business in Turkey is a fantastic example of us bringing a talented team on board to lead our growth plans in a new country. I look forward to working with Gündüz, Levent and the wider team to bring additional products and risk management expertise to more businesses in Turkey and the region.”
