Artex acquires Chandler in Cayman Islands expansion

Risk management provider Artex Risk Solutions is acquiring Chandler Insurance Management, according to an Oct. 31 press release.

Chandler brings to Artex more than 20 years of captive insurance management experience in the Cayman Islands.

“Chandler has earned a strong reputation in the Cayman insurance marketplace as a captive manager, with solid client relationships across a variety of industries covering multiple business lines. We are pleased to welcome Steven Butler and Beverly Hodkin to our existing Artex captive and insurance management team in Grand Cayman,” said Nick Heys, CEO of Artex’s international operations.

David McManus, CEO of Artex Risk Solutions, added: “Steve brings us a wealth of experience and is highly regarded by his peers. He’s also well-recognized, having served in a variety of leadership roles with the Cayman Insurance Managers Association over the past two decades, including as chairman.”

Artex, a wholly owned by insurance broker Arthur J. Gallagher, provides customised alternative risk management solutions.

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