Through its wholly-owned subsidiary, Artex, Gallagher has launched alternative risk management solutions in the Abu Dhabi Global Market (AGDM). This range of new solutions is now available to clients, building on its existing team of risk professionals, and ACE Gallagher to support clients across the Middle East and Africa (MEA) region.
Gallagher and Artex can now expand their services to support clients with risk financing needs that would benefit from using captives and other alternative risk transfer strategies. Artex provides different services to clients, including insurance and captive management, programme and facility management, insurance-linked securities (ILS), and structured transaction administration.
Having launched in the region in early 2022, Gallagher has built a client base in MEA with a team of specialty, facultative, and treaty risk professionals with experiences in different sectors.
Gallagher also has retail broking operations through its joint partnership with ACE Gallagher.
“This is a really exciting new step for Gallagher in the Middle East and 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,” said Nadim Semaan, senior executive officer of Gallagher in the MEA region.
“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. Artex also offers access to the largest network of cell companies, as well as a variety of risk-pooling services,” said Paul Eaton, CEO of Artex EMEA.
