Artex Risk Solutions today announced that it has acquired Dallas-based EWI Re, Inc. Terms of the transaction were not disclosed.
Established in 1959, EWI offers reinsurance program design and placement services for captives and mutual insurance companies; run-off and legacy solutions; and safety and loss control services. Its specialty risk management practice is built to support large insureds with demanding insurance needs. The team will report to Jennifer Gallagher, President of Artex's North American operations.
"The acquisition of EWI expands our ability to provide complex single-parent captive solutions to our clients," stated Jennifer Gallagher. "Steve McElhiney and his staff are a terrific addition to our team and their skills enhance our insurance management capabilities. Steve is well-respected in the insurance industry and currently serves as the Board Chair of the Captive Insurance Companies Association. His expertise and experience will be invaluable to our clients."
"Our team is well-versed in the design and placement of reinsurance needs for single-parent captives," said Steve McElhiney. "We are excited to join Artex and create additional synergy around the development of comprehensive risk management solutions for large, individual risk clients."
Artex provides a full range of alternative risk management solutions, customized for our clients' individual challenges and opportunities. Powered by independent thought and an innovative approach, we empower our clients and broker partners to make educated risk management decisions with confidence. Licensed in 32 jurisdictions around the globe, we are critically resourced to supply any alternative risk need. Artex is a solutions company, and we invite you to learn more about our breadth of solutions and depth of talent at www.artexrisk.com.