Istanbul-based insurance brokerage Monopoli Sigorta Aracılık Hizmetleri A.Ş. has joined the international platform of global insurance brokerage Acrisure as part of its new strategic partnership.
This partnership marks an important milestone for Monopoli Sigorta and the wider Turkish insurance intermediary industry. This is also Acrisure’s first cooperation in the Turkish market.
Founded 25 years ago in Maslak, Istanbul, Monopoli Sigorta has become a trusted insurance intermediary known for its innovative approach and diverse client portfolio.
The company’s 2016 investment from EMF Capital Partners marked its first institutional private equity backing, providing the maturity needed to now expand into the international arena.
Through this partnership, Monopoli Sigorta will become part of Acrisure’s growing international platform, while continuing to operate under its established brand and the same leadership team.
According to the announcement, co-founders Erol Esentürk (CEO) and izzet Bonofiyel (COO) will continue to lead the company in this new phase together with their teams.
Jason Howard, President of Acrisure International, commented: “I am delighted to welcome Monopoli Sigorta as Acrisure’s Turkish partner. Establishing our first operations in the region has long been a priority for Acrisure.
“Erol and Izzet share our entrepreneurial mindset, commitment to sustainable growth and dedication to putting customers at the center of everything they do. We look forward to working with the entire team to build on our deep local roots and identify further growth opportunities together. We wish both parties a long and successful partnership.”
The partnership combines Monopoli Sigorta’s local market expertise, trusted relationships and entrepreneurial execution with Acrisure’s global capabilities in insurance, technology, data analytics and international risk advisory.
Acrisure’s platform will provide Monopoli Sigorta with advanced operational tools and deeper risk insights to deliver more sophisticated insurance solutions to its corporate and individual clients.
Additionally, the partnership aims to enhance the company’s ability to serve its insurance company partners through improved data, reporting, operational excellence and AI-powered infrastructure.
Erol Esentürk and Izzet Bonofiyel, co-founders of Monopoli Sigorta, said: “We are also grateful to our partner EMF Capital Partners over the past decade, whose support has been instrumental in strengthening Monopoli Sigorta’s institutional development and preparing us for our next chapter.
“Partnering with Acrisure marks an exciting new stage in our journey. It represents continuity in leadership, culture and values, while giving us access to broader expertise, enhanced capabilities and a truly global perspective. Together, we are better able to create value for our customers, partners and colleagues in Turkey.”
“This is a proud moment for Monopoli Sigorta and a meaningful moment for the Turkish insurance industry. We are grateful for everything that has brought us here and are excited about the opportunities ahead.”