Arthur J. Gallagher & Co. has announced that its captive and alternative risk transfer subsidiary, Artex Risk Solutions, has acquired Texas-based EWI Re. Terms of the transaction were not disclosed.
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. Its specialty risk management practice is designed to support large insureds with demanding insurance needs. The EWI 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 of Arthur J. Gallagher. “We are very pleased to welcome their team to our growing global enterprise.”