Artex acquires ICSR
Arthur J. Gallagher has announced that its captive and alternative risk transfer solutions subsidiary, Artex, has acquired London-based Implement Compliance Solutions & Resources (ICSR).
The terms of the transaction were not disclosed.
ICSR provides consulting and support services on compliance, governance, risk and operations to insurance firms primarily in the United Kingdom. Kenneth Underhill and his team will remain in their current location under the direction of Paul Eaton, head of Artex EMEA.
“ICSR represents an excellent strategic fit for Artex and will strengthen our capabilities in serving clients undergoing regulatory and transformational change," said J. Patrick Gallagher, Jr., chairman and chief executive. “I am excited to welcome Kenneth and his associates to our growing, global team."
“I'm delighted to welcome Kenneth Underhill and his team to Artex. ICSR, under Kenneth's stewardship, has built a well-respected reputation in the London Market for the delivery of cost-effective and pragmatic solutions, helping insurance clients with the establishment, operation, remediation and transformation of their businesses,” said Paul Eaton, chief executive of Artex EMEA. “This ethos aligns perfectly with the Artex approach of helping our clients find a better way, and I'm excited to be able to offer ICSR's range of complementary services to the Artex proposition.”
Did you get value from this story? Sign up to our free daily newsletters and get stories like this sent straight to your inbox.
