Artex Risk Solutions, Inc., has acquired Dublin, Ireland-based Allied Risk Management, according to recent announcement from Arthur J. Gallagher & Co. Terms of the transaction were not disclosed.
Allied Risk provides insurance and reinsurance management services as well as actuarial services to clients globally. Allied Risk Management Director Frank Coyle and his team will remain in their current location under the direction of Paul Eaton, head of Artex International.
"I'm excited to expand the Artex business into Ireland and absolutely delighted that such a well-known and respected team has chosen to join our organisation. Allied Risk, under Frank Coyle's stewardship, has built an insurance management and actuarial team which delivers exceptional client service to both commercial carriers and captives. The addition of Dublin to our existing European presence supports our desire to provide our growing client base with a choice of domiciles alongside a comprehensive range of services," said Eaton.
"Allied Risk is a highly respected company that will enhance Artex's insurance management and actuarial capabilities," said J. Patrick Gallagher, Jr., Chairman, President and CEO. "I am very pleased to welcome Frank and his associates to our growing, global team."
About Arthur J. Gallagher & Co.
Arthur J. Gallagher & Co. (NYSE: AJG), a global insurance brokerage, risk management and consulting services firm, is headquartered in Rolling Meadows, Illinois. Gallagher provides these services in approximately 130 countries around the world through its owned operations and a network of correspondent brokers and consultants.
About Artex
Artex is a trusted leader and provider of diverse alternative risk solutions. Established in more than 35 domiciles internationally, our global team provides creative thinking and deep expertise for our clients in the (re)insurance and ILS marketplace. We're here to help you make empowered decisions with confidence, reduce your total cost of risk and improve your return on capital. We believe in finding you a better way. For more information visit www.artexrisk.com.