18 May 2023Analysis

Artex buys Irish management services company

Arthur J Gallagher has announced in a short statement that its captive and alternative risk transfer solutions subsidiary, Artex Risk Solutions, has acquired Allied Risk Management, based in Dublin, Ireland.

The terms of the transaction were not disclosed.

Allied Risk provides insurance and reinsurance management services as well as actuarial services to clients globally. Frank Coyle and his team will remain in their current location under the direction of Paul Eaton, head of Artex International.

“Allied Risk is a highly respected company that will enhance Artex's insurance management and actuarial capabilities,” said Patrick Gallagher, chairman, president and chief executive. “I am very pleased to welcome Frank and his associates to our growing, global team.”