Gallagher Acquires Majority Stake in Brokers’ House, Strengthening Presence in Turkey

Introduction

Gallagher has announced the acquisition of a majority stake in Brokers’ House, a specialty commercial and facultative reinsurance broker headquartered in Istanbul. This marks Gallagher’s first direct presence in Turkey, further expanding its international footprint into a strategic hub between Asia and Europe.

About Brokers’ House

Founded in Istanbul, Brokers’ House is a commercial insurance and facultative reinsurance broker specializing in:

• Property
• Financial Lines
• Energy
• Engineering
• Marine Cargo

The firm employs 25 professionals and has been part of Gallagher’s Global Network Partners since 2014. Under the new agreement, the leadership team of Gündüz Tezel (CEO) and Levent Özbilen will continue to guide the business, ensuring continuity for clients and partners.

Strategic Impact of the Acquisition

The acquisition enables Brokers’ House to scale significantly by gaining access to Gallagher’s global network, resources, and expanded suite of insurance solutions. The business will rebrand to Gallagher in the coming months.

Vyvienne Wade, Chairperson of Gallagher Global Broking in Europe, Middle East, & Asia, commented:

“Turkey is increasingly recognised as an important and growing economic powerhouse, and this acquisition gives us a springboard to growth in the region. The team’s reputation for providing clients with innovative brokerage services is second to none and mirrors our own commitment to delivering great customer outcomes.”

Simon Matson, CEO of Gallagher Global Broking in Europe, Middle East & Asia, added:

“Our international expansion story continues to be one of investing in economies where we can see a strong opportunity for growth and where we find partners aligned culturally with Gallagher. This agreement with Brokers’ House creates an exciting opportunity in a growing insurance market.”

Gündüz Tezel, CEO of Brokers’ House, shared:

“For Levent and my colleagues at Brokers’ House, becoming part of Gallagher feels like coming home. Gallagher’s investment in Turkey is a clear signal of the opportunities in our country and region. We extend our thanks to Huntington Advisory, our advisors, for their support in making this happen.”

Significance for Gallagher

This acquisition represents:

• Gallagher’s first direct presence in Turkey, an emerging hub bridging Asia and Europe.
• A platform for further regional expansion in sectors aligned with Gallagher’s global specialties.
• A strengthened ability to deliver innovative solutions and global expertise to clients in Turkey.

Source

Gallagher – “Gallagher takes majority share in Brokers’ House”

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