Marsh & McLennan Cos. Inc.'s Guy Carpenter & Co. L.L.C. unit has made a "major strategic investment" in a new venture designed specifically to help develop business in Greece, Cyprus and adjacent countries, Guy Carpenter said Wednesday.

Guy Carpenter said it has acquired a significant interest in the new company known as Carpenter Turner. As of Sept. 9, Carpenter Turner will take over all renewing business from Guy Carpenter's reinsurance intermediary's office in Athens. he Turner family has an exceptional insight into and relationship with the Greek and Cypriot insurance communities, and we firmly believe that our investment in their enterprise will prove extremely beneficial for our clients."

Read the full story
Guy Carpenter plans to develop insurance business in GREECE and CYPRUS