Gallagher today announced it has acquired Türkiye-based Aspera Sigorta ve Reasürans Brokerliği A.Ş. (Aspera). Terms of the transaction were not disclosed.
Aspera was established in 2022 and is a boutique insurance and reinsurance broker specialising 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 Gündüz Tezel, CEO of Gallagher in Türkiye. 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 a brightening economic outlook1. This move marks further investment by Gallagher as the country increasingly becomes as a strategic insurance hub between Asia and Europe.
Commenting on the acquisition, Alex Nagler, CEO of Gallagher in Europe, said: "Aspera is an ideal addition to our existing business in Türkiye 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. We view Türkiye 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."
Gündüz added: "Gallagher first entered Türkiye through the acquisition of Brokers House in 2021 and we support a range of the largest sectors in the country with risk management and insurance advice. The Aspera team bring great specialist knowledge, and this is a fantastic example of us bringing a talented team on board to further bolster our growth plans and provide existing and new clients with additional services. The team share our values, client focus and ambition for the future and I look forward to working with Evrim and the wider team to bring additional products and risk management expertise to our clients."
Evrim, added: "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. 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."
