Tysers Insurance coverage Brokers has agreed to make an fairness funding in Türkiye-based Rönesans Reinsurance & Insurance coverage Brokerage.
The purpose is to boost the collaboration between the 2 entities and align their targets for future progress.
Monetary specifics of the transaction weren’t disclosed.
Istanbul-headquartered Rönesans delivers insurance coverage and reinsurance options, drawing on native experience and worldwide market relationships.
The alliance is designed to mix Tysers’ world community with Rönesans’ regional capabilities, thereby bettering service choices for purchasers in numerous sectors.
Collectively, Tysers and Rönesans look to supply revolutionary insurance coverage options for purchasers in Türkiye and central Europe, accessing native and world markets together with the Lloyd’s market.
Rönesans’ data of the native panorama is claimed to be instrumental in representing Tysers in Türkiye.
In flip, Tysers will supply Rönesans entry to a spread of insurance coverage merchandise, providers and connections with trade gamers.
Tysers CEO Tom Wilson stated: “This partnership is deeply complementary and brings collectively in-depth native market and trade data and world assets to supply revolutionary danger options for purchasers. Tysers and Rönesans share a client-first method to enterprise, which will likely be on the coronary heart of our plans as we increase our services and products in Türkiye and throughout central Europe, the place we see the potential for robust progress.”
Tracing its roots again to 1820 within the Metropolis of London, Tysers has developed from its early days in marine commerce and helping governments with state insurance coverage programmes to changing into a non-public partnership and finally incorporating in 2001.
