Frontier is a management firm specializing in consulting, recruitment, business services and immigration services predominantly to reinsurance clients in Bermuda. Terms of the transaction were not disclosed.
"Artex and Frontier found a highly regarded partner in each other with shared values focused on culture, service, proficiency and performance centered on individual client goals," said Kathleen Faries, CEO, Artex Capital Solutions. "Frontiers' reputation in recruitment and staffing consulting services means we will be better positioned than ever to offer a truly one-stop solution to our clients, including assisting startups and mature companies with their short and long term staffing requirements and related services."
Frontier Director and Co-Founder Peter Brodsky, CEO Derek Winch and the rest of the Frontier employees will remain in their current location and will continue to operate business-as-usual, however their clients and employees will now have access to Artex's broader market-leading resources from pre-incorporation concept development, structure design, incorporation, licensing, and through to ongoing company management and advisory.
"Developing talent across career spectrums is a key part of our clients' growth strategy and we'll continue to deliver the world-class consulting and recruitment services that Frontier is known for — especially as the demand for top talent continues," said Brodsky. "I am confident that our staff will greatly benefit from being a part of a larger network of clients and relationships that Artex will bring to this new partnership."
Artex, Gallagher's wholly-owned subsidiary for alternative risk and capital, including fund administration, is a trusted leader and provider of diverse alternative risk and capital 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 alternative capital marketplace. We're here to help you find a better way to reduce your total cost of risk and improve your return on capital. For more information visit www.artexrisk.com.