In this article in The Insurer, Guy Carpenter’s Neil Mayer, Chief Operating Officer, and Dorothée Mélis-Moutafis, North American COO and Interim CEO of Europe, discussed acquisition activity after the firm announced the signing of a deal to purchase Israel-based independent reinsurance broker Re Solutions, understood to be its largest acquisition since the combination with JLT Re in 2019. Re Solutions has served as Guy Carpenter’s correspondent broker in Israel since 2011.
“We're absolutely on the offense in terms of acquisitions,” Neil said. “We have a great pipeline of companies that we are in talks with, and are very interested in continuing to acquire those that meet our criteria around high growth, product differentiation and complementary markets.”
Dorothèe indicated that Guy Carpenter’s approach toward mergers and acquisitions is based on analytical capabilities rather than brokers assuming a purely transactional role.
“Our strategy in Europe and everywhere has always been to have strong local offices,” she said. “It was obviously an untapped area for a Guy Carpenter office, so it was absolutely a very natural conclusion to this partnership.”