Gallagher announced it has acquired Turkey-based Aspera Sigorta ve Reas眉rans Brokerli臒i A.艦. (Aspera).
Terms of the transaction were not disclosed.
Established in 2022, Aspera is a boutique insurance and reinsurance broker specializing in industrial property, power & energy, plus construction. The business employs six people and is led by Evrim Ozkoc who will remain with the company and report to G眉nd眉z Tezel, CEO of Gallagher in Turkey.
Aspera will become part of Gallagher’s existing operations in the country, which are headquartered in Istanbul and currently employ 25 risk professionals.
Since launch, Aspera has experienced rapid client growth in its target sectors which are anticipated to grow in the region amidst an . This move marks further investment by Gallagher as the country increasingly becomes as a strategic insurance hub between Asia and Europe.
“Aspera is an ideal addition to our existing business in T眉rkiye and the specialised sectors the team have built a client base over the last three years that dovetails well with our broader existing client offering,” commented Alex Nagler, CEO of Gallagher in Europe.
“We view T眉rkiye as a key and strategic market within our European operations and given its growth potential, with confidence growing in the region, we see interesting opportunities for further developments,” Nagler added.
Tezel noted that Gallagher first entered T眉rkiye through the acquisition of Brokers House in 2021.
“This is an exciting milestone for our team and becoming part of a global broker like Gallagher will enable us to take the business to its next stage of evolution, adding broader capabilities, deeper industry expertise, and greater access to international markets,” Ozkoc said.
“We have had a successful association with Gallagher since we were established and we believe that integrating the business with Gallagher will give us an enviable platform for further growth,” he continued.
Gallagher is the brand name of Arthur J. Gallagher & Co., the global insurance broker, risk management services and consulting firm headquartered in Rolling Meadows, Illinois. Gallagher offers client service capabilities in more than 130 countries around the world through a network of correspondent brokers and consultants.
Topics Mergers & Acquisitions Agencies Reinsurance A.J. Gallagher
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