Artex Capital Solutions, a division of Artex Risk Solutions, owned by Arthur J. Gallagher & Co, has acquired Bermuda-based Frontier Financial Services.
Frontier is a management firm specialising in consulting, recruitment, business services and immigration services predominantly to reinsurance clients in Bermuda.
Terms of the transaction were not disclosed.
“Artex and Frontier found a highly regarded partner in each other with shared values focused on culture, service, proficiency and performance centred on individual client goals,” said Kathleen Faries, CEO of Artex Capital Solutions.
“Frontiers’ reputation in recruitment and staffing consulting services means we will be better positioned than ever to offer a truly one-stop solution to our clients, including assisting startups and mature companies with their short- and long-term staffing requirements and related services.”
Frontier director and co-founder Peter Brodsky, CEO Derek Winch and all Frontier employees will remain in their current location and continue to operate business-as-usual.
Clients and employees will now have access to Artex’s resources from pre-incorporation concept development, structure design, incorporation, licensing, and through to ongoing company management and advisory.
“Developing talent across career spectrums is a key part of our clients’ growth strategy and we’ll continue to deliver the world-class consulting and recruitment services that Frontier is known for, especially as the demand for top talent continues,” said Brodsky.
“I am confident that our staff will greatly benefit from being a part of a larger network of clients and relationships that Artex will bring to this new partnership.”
In May this year, Artex Risk Solutions completed the acquisition of the Irish independent captive manager, Allied Risk Management.