Artex, the captive, alternative risk transfer, insurance-linked securities (ILS) facilitation and capital solutions subsidiary of Gallagher, has announced that its CEO Peter Mullen is to vacate that position, to become Chairman, and that Gallagher EVP Zeb Holt will transition into the CEO position from July.
Peter Mullen, who was also a co-founder of Artex Risk Solutions, will be appointed as its Chairman effective January 1st, 2025.
Mullen was one of the founders of Artex back in 1997 and served as a member of its executive team until he departed for a role at Aon in 2011.
He had held the role of CEO at Aon Captive & Insurance Management for around eight years, but returned to Artex in March 2019 as its CEO.
Taking over the CEO role at Artex will be Zeb Holt, most recently a Florida specialist senior broker and leader at Gallagher.
Holt had previously worked at Artex from 2009 to 2013 and became Global Sales Director for the company, prior to which he was at Gallagher in Chicago.
After leaving Artex in 2013, Holt became Area President for South Florida at Gallagher, then in 2018 became the Regional EVP for Florida at the brokerage.
Holt will become Artex’s CEO (Designate) from July 1st, and will later succeed Mullen as Artex CEO from January 1st 2025.
Artex is one of the largest managers of captive, insurance, reinsurance and ILS structures across domiciles including Bermuda, the Cayman Islands, Guernsey, and the United States.
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