Artex Risk Solutions has appointed Peter Child as its head of its European operations, with oversight of Guernsey, Malta, Gibraltar and London offices.
Investors are “pausing for thought” after two difficult years in the ILS market have taught them they can sustain large losses in this market, according to Peter Mullen, CEO at Artex, speaking at the Cayman Captive Forum.
Artex Risk Solutions has acquired Dallas-based EWI Re.
Artex’s acquisition of Horsehoe will benefit Artex’s captive clients, according to Peter Mullen, CEO of Artex, by increasing the talent available to them and delivering operational efficiencies.
Artex, the provider of alternative risk management solutions, has launched a new group captive programme, designed specifically for construction companies within the US.
Artex has promoted Brandon Marshall to the role of chief financial officer and Stephen Thompsett to chief operating officer.
Artex Risk Solutions has made several appointments within its international division.
The Internal Revenue Service (IRS) had planned to use tape recordings of an undercover agent looking to form an 831(b) captive with Tribeca Strategic Advisors - now part of Artex Risk Solutions - in order to support its argument that a captive in a recent lawsuit lacked economic substance.
Peter Mullen has rejoined alternative risk management company Artex as chief executive officer, with David McManus taking up the new role of chairman.
An Arizona-based lawsuit is seeking damages from a group of defendants including Artex Risk Solutions, Arthur J Gallagher among other captive service providers for conspiring to design, promote, sell, implement and manage illegal tax-advantaged captive insurance strategies using unlawful attempted 831(b) elections.