Artex Risk Solutions has acquired Ohio-based RIBV Holdings and its subsidiaries, collectively doing business as Risk International.
Risk International provides outsourced risk management and employee benefits advisory services for private equity and corporate clients across the US.
The team, led by Todd Miller and Todd Lawrence, will remain in their current location under the direction of Jennifer Gallagher, head of Artex's North American operations.
Commenting on the move, Gallagher says: "Artex is thrilled to announce the successful merger with Risk International, a move that signifies our commitment to enhancing our service offerings and expanding our market reach. This strategic partnership marks an exciting chapter in our continuous journey to provide exceptional alternative risk management solutions to our clients."
Peter Mullen, global CEO of Artex, adds: "Risk International has built a terrific business that has a strong strategic alignment with Artex. They help clients find a better way to control the cost of risk across their business, which complements Artex's ability to build risk financing vehicles for clients.
“Risk International brings us 147 new colleagues spread across six locations in the US, including their headquarters in Fairlawn, Ohio. We welcome the new team and look forward to working together."
