M&A Deal Summary

Artex Risk Solutions Acquires Heritage Insurance Management

On May 21, 2014, Artex Risk Solutions acquired insurance company Heritage Insurance Management

Acquisition Highlights
  • This is Artex Risk Solutions’ 1st transaction in the Insurance sector.
  • This is Artex Risk Solutions’ 1st transaction in Channel Islands.

M&A Deal Summary

Date 2014-05-21
Target Heritage Insurance Management
Sector Insurance
Buyer(s) Artex Risk Solutions
Deal Type Add-on Acquisition

Target

Heritage Insurance Management

Guernsey, Channel Islands
Heritage Insurance Management is a captive management company specializing in the formation and management of insurance and alternative risk solutions for their global clients primarily outside North America.

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Buyer(S) 1

Buyer

Artex Risk Solutions

Itasca, Illinois, United States

Category Company
Founded 2006
Sector Business Services
DESCRIPTION

Artex Risk Solutions, engages in alternative risk management services. The company offers wholesale brokerage and Bermuda market access services, public entity and scholastic products, captive design and management services, group captive programs, and rent-a-captive and guaranteed cost programs.


DEAL STATS #
Overall 2 of 8
Sector: Insurance M&A 1 of 5
Type: Add-on Acquisition M&A Deals 2 of 8
Country: Channel Islands M&A 1 of 2
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-21 Tribeca Strategic Advisors

Mesa, Arizona, United States

Tribeca is an alternative risk and captive consulting and management company providing captive management services to their small and middle-market, group and association clients throughout the United States. They specialize in the design, implementation, licensure and management of captive insurance companies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-29 Hexagon Insurance PCC

St Peter Port, Channel Islands

Hexagon Insurance PCC Ltd. is a provider of insurance services and products. Company offers insurance protected cell company (PCC) services.

Buy -