Artex buys business services firm Frontier
Captive manager and alternative risk transfer solutions provider Artex has acquired Bermuda-based business services provider Frontier Financial Services.
Artex, a subsidiary of broker Arthur J. Gallagher, did not disclose terms for the purchase, which it sees a complementary to its existing services.
Frontier specialises in consulting, recruitment, business services and immigration services to reinsurance and insurance-linked securities clients in Bermuda. Peter Brodsky, Derek Winch and their team will remain in their current location under the direction of the Artex Capital Solutions leadership team.
"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, Artex Capital Solutions.
"Frontier’s 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’s clients and employees will now have access to Artex's broader market-leading resources from pre-incorporation concept development, structure design, incorporation, licensing, and through to ongoing company management and advisory, the companies said.
"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."
"Frontier complements Artex's existing client offerings and provides significant opportunities for growth," said J. Patrick Gallagher, Jr., chairman, president and CEO. "I am excited to welcome Peter, Derek and their associates to our growing, global team."