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.
