Artex Risk Solutions, one of the largest insurance management firms and a key facilitator in the ILS and collateralised reinsurance space, has expanded its platform with the acquisition of Cayman Islands based Chandler Insurance Management.
Artex, a subsidiary of insurance and reinsurance broker Arthur J. Gallagher & Co., offers a range of alternative risk transfer and management services, ranging from transformers, to segregated cells, captives and other solutions that target the collateralised reinsurance and ILS market.
The acquisition of Chandlers Insurance Management provides Artex with 20 years of Cayman captive and insurance management experience.
“Chandler has earned a strong reputation in the Cayman insurance marketplace as a captive manager, with solid client relationships across a variety of industries covering multiple business lines. We are pleased to welcome Steven Butler and Beverly Hodkin to our existing Artex captive and insurance management team in Grand Cayman,” commented Nick Heys, CEO of Artex’s International operations.
David McManus, President and CEO of Artex Risk Solutions, added, “Steve brings us a wealth of experience and is highly regarded by his peers. He’s also well-recognized, having served in a variety of leadership roles with the Cayman Insurance Managers Association over the past two decades, including as Chairman. Steve, Beverly and their associates will be wonderful additions to our growing Artex family.”