Gallagher, through its Artex subsidiary, has launched an alternative risk management solution in the Abu Dhabi Global Market.
With a licence to provide alternative risk management and captive management services in the Middle East & Africa (MEA) region, Artex can expand its services to support clients with captives and other alternative risk strategies.
Artex specialises in alternative risk solutions and provides a range of services to clients globally, including insurance and captive management, programme and facility management, insurance-linked securities (ILS), and structured transaction administration.
“This is a really exciting new step for Gallagher in the Middle East and Africa,” said Nadim Semaan, SEO of Gallagher in the Middle East & Africa.
“Adding alternative risk solutions to the range of services we offer means clients with even the most complex portfolios can access our services and talented team dedicated to helping them.
“From developing a captive to assessing an existing one, to funding and creating a risk profile, Gallagher and Artex have the experience and expertise to build the necessary structures.”
Having launched in the region in early 2022, Gallagher has built a large client base in MEA and employs a team of specialty, facultative and treaty risk professionals.
The intermediary also has retail broking operations through its joint partnership with ACE Gallagher, which has offices in the Kingdom of Saudi Arabia, Bahrain, United Arab Emirates, Oman, Kuwait, Lebanon and Greece.
“Our range of services, delivered by our alternative risk experts, spans the full cycle of the captive life from feasibility to management, to run off, and covers all types of captive arrangements,” said Paul Eaton, CEO Artex EMEA.
“Artex also offers access to the largest network of cell companies, as well as a variety of risk-pooling services.”