Artex Risk Solutions, one of the largest insurance management firms and a key facilitator in the insurance-linked securities (ILS) and collateralised reinsurance space, has announced two senior promotions, naming a new Chief Operating Officer and Chief Financial Officer.
Stephen Thompsett, who has been with Artex since 2018 in his most recent role as Chief Information Officer, has been promoted to Chief Operating Officer of the firm.
In the COO role, Thompsett will take on responsibility for all aspects of Artex operations, including information technology strategy, operational efficiency, outsourcing and risk management.
He will also manage Artex’s Future Fit programme, an initiative that sees the firm working to develop the systems and processes necessary to fit the business model of the future.
Thompsett has 20 years of technology and operations experience, all gained within the financial services sector, with previous positions at broking group Gallagher, insurer RSA and Legal & General.
Brandon Marshall, who joined Artex in 2017 and was most recently Finance Director of Artex’s North American division, has been promoted to the position of Chief Financial Officer.
In the Chief Financial Officer role, Marshall will have responsibility for all financial planning and analysis, accounting and compliance.
He will also direct the strategic planning and budget processes at Artex, working with its business leaders to ensure that objectives are delivered, while performance against them is measured and understood, and compliance with all accounting policies and internal controls is monitored. He will also support the acquisition process and collaborate with the COO to deliver on the Future Fit programme.
Marshall has almost 20 years of financial experience, with previous roles at insurance and reinsurance group Sirius, CNA Insurance and Crowe.
“I am delighted to make these two executive appointments,” commented Peter Mullen, Artex Chief Executive Officer. “Both Steve and Brandon have been exceptional members of our team and in these new roles they will continue to help us drive our company forward.”
Artex is a subsidiary of insurance and reinsurance brokerage Arthur J. Gallagher & Co. It specialises in the provision of a range of alternative risk transfer and insurance management services, encompassing reinsurance transformers, special purpose vehicles for catastrophe bond issuance, segregated or protected cell structures, captives and other solutions that specifically target the collateralised reinsurance and ILS market.