Bermuda-based Artex Risk Solutions* announced that it has acquired Quest Holdings (Gibraltar) Ltd., the largest insurance manager in Gibraltar.
Founded in 2004, Quest specializes in providing services to insurance companies in Gibraltar, which provided the ability to operate throughout the European Union, according to a statement issued by Artex, which is a wholly owned, autonomous subsidiary of Arthur J. Gallagher & Co. in Itasca, Ill.
“We had long admired Quest’s leading position in the Gibraltar insurance market and their style and approach to business makes them a perfect match for Artex,” said Nick Heys, CEO of Artex’s international operations.
“We’re very happy to welcome Steve Quinn, chief executive officer and founder of Quest, and his staff to the Artex family,” said Heys.
“Quest strengthens us considerably within the Gibraltarian insurance market and brings particular expertise in the UK motor arena,” said David McManus, president of Artex Risk Solutions.
“In addition their broader European knowledge and relationships will help drive Artex’s international growth and complement the recent acquisitions of Hexagon and Kane’s insurance management operations,” he said.
“We are looking forward to developing many new and exciting opportunities with Steve and his great team,” McManus continued.
* Artex Risk Solutions Inc., which specializes in captive management and alternative risk programs, has more than 1,500 customers, through over 1000 risk bearing entities licensed in 27 domiciles and nearly 400 employees. The company’s website says it provides risk transfer solutions designed to fit a client’s specific risk management and financial objectives.
Source: Artex Risk Solutions
- Bermuda-Based Artex Buys Hexagon Insurance PCC, to Boost ILS Capability
- Arthur J. Gallagher to Buy Kane Group’s Insurance Management Operations
Was this article valuable?
Here are more articles you may enjoy.