Arthur J Gallagher & Co’s Artex acquires EWI Re
Global insurance brokerage Arthur J Gallagher & Co’s captive and alternative risk transfer solutions subsidiary, Artex Risk Solutions, has acquired Dallas-based EWI Re. Terms of the transaction were not disclosed.
Established in 1959, EWI offers reinsurance program design and placement services for captives and mutual insurance companies; run-off and legacy solutions; and safety and loss control services, with a specialty risk management practice built to support large insureds with demanding insurance needs. The team will report to Jennifer Gallagher, president of Artex's North American operations.
"EWI's responsive, highly focused expertise in designing and placing the reinsurance needs of single parent captives will deepen Artex's bench strength in providing complex client solutions," said J. Patrick Gallagher, Jr, chairman, president and CEO. "We are very pleased to welcome their team to our growing, global enterprise."
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