2 November 2017Cayman analysis

Artex buys up Chandler Insurance Management

Artex Risk Solutions has announced the acquisition of Chandler Insurance Management for an undisclosed sum.

Chandler is an insurance manager in the Cayman Islands and brings to Artex more than 20 years of captive insurance management experience in the Cayman Islands. The existing management of CEO Steven Butler and senior administrator Beverley Hodkin will remain in place.

“Chandler has earned a strong reputation in the Cayman insurance marketplace as a captive manager, with solid client relationships across a variety of industries covering multiple business lines. We are pleased to welcome Steven Butler and Beverley Hodkin to our existing Artex captive and insurance management team in Grand Cayman,” said Nick Heys, CEO of Artex’s International operations.

David McManus, president and CEO of Artex Risk Solutions, added: “Steve brings us a wealth of experience and is highly regarded by his peers. He’s also well-recognised, having served in a variety of leadership roles with the Cayman Insurance Managers Association over the past two decades, including as Chairman. Steve, Beverley and their associates will be wonderful additions to our growing Artex family.”