Artex Risk Solutions has announced that its executive leadership is to welcome founding member Peter Mullen back into the company as Chief Executive Officer (CEO)-elect, taking over from current CEO David McManus in July 2019.
Mullen has been CEO at Aon Captive & Insurance Management for the last seven years, and will begin his position with Artex once his current contractual obligations are concluded in March 2019.
Following the transition, Mullen, who helped found Artex in 1997, will assume the executive responsibilities of President and CEO, while McManus will move into the role of Chairman.
“Succession planning is a core competency of our company. As our executive committee considered the future leadership of Artex, we immediately thought of Peter and the value we could create by reuniting the team that originally founded Artex,” said McManus.
“We’ve grown significantly over the past several years and are proud to now be the third-largest captive manager, according to Business Insurance. I’m confident Peter’s technical risk understanding, coupled with his creativity and innovation, will continue to drive significant growth for Artex in 2019 and beyond.”