Artex, a captive and alternative risk transfer solutions subsidiary of Gallagher, has acquired London-based insurance consulting firm Implement Compliance Solutions and Resources (ICSR).
ICSR provides consulting and support services on compliance, governance, risk and operations to insurance firms primarily in the UK.
Kenneth Underhill, director of ICSR, and his team will remain in London under the guidance of Paul Eaton, head of Artex EMEA.
Patrick Gallagher, chairman and CEO of Gallagher, comments on the acquisition: "ICSR represents an excellent strategic fit for Artex and will strengthen our capabilities in serving clients undergoing regulatory and transformational change.”
Eaton adds: "ICSR, under Kenneth's stewardship, has built a well-respected reputation in the London market for the delivery of cost-effective and pragmatic solutions, helping insurance clients with the establishment, operation, remediation, and transformation of their businesses.
“This ethos aligns perfectly with the Artex approach of helping our clients find a better way, and I'm excited to be able to offer ICSR's range of complementary services to the Artex proposition."
