Artex Risk Solutions introduces a new group captive designed to address risks for US transportation, trucking for hire, convenience store operators and petroleum marketers. In the group captive, Artex serves as the captive consultant and manager and also offers claims advocacy. Midwest Employers Casualty and Carolina Casualty are insurance providers, while Gallagher Bassett and Carolina Casualty handle claims administration and loss control. Martin Hughes, executive vice president and specialty risk transfer for Artex in North America, states: “The US transportation industry has experienced pockets of reduced insurance and risk management options in recent years due to labour shortages, supply chain challenges and a distressed insurance market. “The new group captive addresses a need for alternative risk solutions in the space.” Artex, a subsidiary of Gallagher, operates in more than 35 domiciles worldwide and offers solutions in (re)insurance and alternative capital marketplace.
