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21 November 2019
Illinois
Reporter Maria Ward-Brennan

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Artex Risk Solutions acquires EWI Re

Artex Risk Solutions has acquired Dallas-based EWI Re, the terms of the transaction were not disclosed.

EWI offers reinsurance programme design and placement services for captives and mutual insurance companies, run-off and legacy solutions, and safety and loss control services.

The team will report to Jennifer Gallagher, president of Artex’s North American operations.

Commenting on the acquisition, Gallagher said: “EWI expands our ability to provide complex single-parent captive solutions to our clients.”

She added: “Steve McElhiney and his staff are a terrific addition to our team and their skills enhance our insurance management capabilities. McElhiney is well-respected in the insurance industry and currently serves as board chair of the Captive Insurance Companies Association. His expertise and experience will be invaluable to our clients.”

McElhiney states: “Our team is well-versed in the design and placement of reinsurance needs for single-parent captives. We are excited to join Artex and create additional synergy around the development of comprehensive risk management solutions for large, individual risk clients,” adds McElhiney.

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