March 2022

OYAK Group Insurance and Reinsurance Brokerage began to offer its extensive reach  global reinsurance access in the market to the Turkish insurance industry.

According to the statement made by OYAK Group Insurance and Reinsurance Brokerage, the company continues to consolidate its position in the international arena with the solutions it provides from London office , starting from 2021, following the title of Lloyd's broker that is received as of April 2020.

OYAK Group Insurance, which is ranked in top 5 amongst more than 100 global and local insurance brokers operating in Turkey with its premium volume, is pleased to offer the global reinsurance solutions to its corporate customers from various sectors as well as insurance companies operating in the Turkish insurance market. 

OYAK Grup Sigorta ve Reasürans Brokerliği A.S. Assistant General Manager Ms. Almula Aslan responsible from Reinsurance, Corporate Business Development and Risk Management stated that Besides Europe, Far East and Middle East reinsurance market connections the inclusion of Lloyd's market network significantly strengthened their position in the global industry and added that: “As OYAK Group Insurance, we offer optimum insurance and reinsurance solutions for all industrial areas and specific risks to our local and international customers with our international competence, experience in different geographies and our expert team.

As of 2022, We aim to share this strength with insurance companies operating in Turkey With our customer-oriented approach, we are ready to offer our team's experience and knowledge in the global reinsurance markets to the benefit of the Turkish insurance industry. We are happy to support the market development with facultative and compulsory reinsurance solutions that will strengthen the capital structure of insurance companies and increase their presence in the sector.”

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