Page 13 - Turkinsurance Digital Magazine

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Strategic Partnership between Tysers and Rönesans

One of the leading Lloyd’s brokers operating internationally,
Tysers Insurance Brokers, has entered into a strategic partnership
with Rönesans Reasürans ve Sigorta Brokerliği, one of Türkiye’s
strongest insurance brokerage firms.

As part of the agreement, Tysers has acquired a stake in Rönesans,
further strengthening the bond between the two companies and
aligning their long-term growth objectives.

Headquartered in Istanbul, Rönesans Reasürans ve Sigorta
Brokerliği offers tailored insurance and reinsurance solutions
to various customer segments through its deep expertise in
the local market and strong international market connections.
This collaboration aims to combine Tysers’ global reach with products and services, as well as to leading global insurance and
Rönesans’ local market dominance to deliver more comprehensive reinsurance companies.
services and innovative solutions to clients.
Commenting on this strategic partnership, Tysers CEO Tom
Tysers and Rönesans will collaborate to support their clients in Wilson stated: “This partnership will enable us to offer innovative
Türkiye and Central Europe by placing risks in both local and risk solutions to our clients by combining local market and sector
international insurance and reinsurance markets, including knowledge with global resources. Tysers and Rönesans share a
Lloyd’s. client-focused approach, and this philosophy will be at the core of
our plans to expand our products and services in Türkiye and in
As Tysers’ representative in Türkiye, Rönesans’ local market Central Europe, where we see strong growth potential.”
expertise and strong field presence will play a critical role in
developing the most suitable solutions for clients. In return, Tysers CEO Sir Thomas Wilson will also serve as a board member
Tysers will provide Rönesans with access to a broad portfolio of of Rönesans Reasürans ve Sigorta Brokerlık AŞ.

34 Billion TL Technical Profit from the Insurance Sector in the First Quarter of 2025

According to consolidated balance sheet a technical margin of -43%. Other loss- (casco) branch reported a strong TRY
and income statements released by the making branches included general liability 8.03 billion technical profit, with a 43%
Insurance Association of Türkiye (TSB), (TRY 233.2 million), aircraft (TRY 45.5 margin. Written premiums in this segment
the insurance sector recorded a total million), watercraft (TRY 19.5 million), reached TRY 31.3 billion, while claims
technical profit of TRY 34.09 billion in and credit insurance (TRY 46.7 million). stood at TRY 16.4 billion.
the first quarter of 2025, up from TRY
24.4 billion in the same period last year. Claims Payments Surpass TRY 84 Billion State-supported agricultural insurance
also delivered TRY 785 million profit,
Non-life insurance generated TRY 27.1 In Q1 2025, insurers paid a total of TRY with written premiums exceeding TRY 3.7
billion in technical profit. 84.1 billion in claims: billion. Engineering insurance achieved
TRY 2.1 billion in technical profit, with
Life insurance contributed TRY 6.43 TRY 78.9 billion in non-life branches, premiums of TRY 5.5 billion.
billion, nearly doubling compared to Q1
2024. TRY 5.15 billion in life insurance.
The pension branch also improved, posting By category: health (TRY 25 billion),
TRY 525.8 million. motor vehicles (TRY 16.4 billion),
accident (TRY 148 million), watercraft
Rising Losses in MTPL (TRY 519 million), transport (TRY 305
million), and fire & natural disasters
Despite overall profitability, seven (TRY 2.2 billion).
insurance branches posted losses totaling
TRY 22.6 billion. The largest share came Profitability in Motor Own Damage and
from the compulsory motor third-party Other Lines
liability (MTPL) branch, which recorded
a dramatic TRY 15.7 billion loss, with Unlike MTPL, the motor own damage