Artex expands its compliance consulting service

Artex Risk Solutions has expanded its ability to offer compliance and governance consulting services to insurers by buying London-based Implement Compliance Solutions & Resources. 

ICSR provides consulting and support services on compliance, governance, risk and operations to insurance firms primarily in the United Kingdom. Kenneth Underhill and his team will remain in their current location under the direction of Paul Eaton, head of Artex EMEA.

Artex offers captive and alternative insurance investment solutions to clients around the world, including in Bermuda, where it also offers corporate services and accounting solutions. 

"I'm delighted to welcome Kenneth Underhill and his team to Artex. ICSR, under Kenneth's stewardship, has built a well-respected reputation in the London Market for the delivery of cost-effective and pragmatic solutions, helping insurance clients with the establishment, operation, remediation and transformation of their businesses. This ethos aligns perfectly with the Artex approach of helping our clients find a better way, and I'm excited to be able to offer ICSR's range of complementary services to the Artex proposition," said Eaton.

"ICSR represents an excellent strategic fit for Artex and will strengthen our capabilities in serving clients undergoing regulatory and transformational change," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am excited to welcome Kenneth and his associates to our growing, global team."

Terms of the transaction were not disclosed.

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