12 December 2017Bermuda analysis

Captive manager Artex partners on new Bermuda venture

One of Bermuda’s biggest captive managers has partnered with a new venture targeting marine, energy and aerospace business to provide A-rated capacity via a structured facility for proportional and non-proportional reinsurance and retrocessional products.

Artex Risk Solutions (Bermuda) has formed the partnership with Alize, a new venture launched by Brian Gulbransen, the former chief underwriting officer of Ariel Re and chief underwriting of specialist reinsurance at ILS Capital Management.

The company said it will work with brokers and intermediaries to advise on the planning and structuring of programmes.

Gulbransen, managing director of Alize, was most recently a partner at broker Capsicum Re. He will be partnered by Tim Starr, who has been appointed as an actuarial data scientist.

Gulbransen said: “The launch of Alize signifies a shift in the way the Bermudian market will price and structure risk. I am looking forward to working on diverse and interesting reinsurance and retrocession products that will add real value to our customers to help them manage their portfolios of specialty risks.”