Artex Risk Solutions, the Arthur J. Gallagher & Co-owned provider of re/insurance and alternative risk management solutions, has acquired Dallas-based EWI Re for an undisclosed fee.
EWI was founded in 1959 and offers reinsurance program design and placement services for captives and mutual insurance companies.
Its specialty risk management practice is built to support large insureds with demanding insurance needs.
Following the transaction, its 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 Chief Executive Officer
“We are very pleased to welcome their team to our growing, global enterprise.”
“The acquisition of EWI expands our ability to provide complex single-parent captive solutions to our clients,” added Jennifer Gallagher.
“Steve McElhiney and his staff are a terrific addition to our team and their skills enhance our insurance management capabilities. Steve is well-respected in the insurance industry and currently serves as the Board Chair of the Captive Insurance Companies Association. His expertise and experience will be invaluable to our clients.”
“Our team is well-versed in the design and placement of reinsurance needs for single-parent captives,” commented EWI Re President McElhiney.
“We are excited to join Artex and create additional synergy around the development of comprehensive risk management solutions for large, individual risk clients.”