Artex Acquires Implement Compliance Solutions & Resources Limited

Alternative risk and capital solutions provider Artex Risk Solutions, Inc., has acquired London-based Implement Compliance Solutions & Resources Limited (ICSR). The transaction's terms were not disclosed.

ICSR offers consulting and support services in compliance, governance, risk, and operations to insurance firms in the United Kingdom. Kenneth Underhill and his team will continue operating from their current location under Paul Eaton, head of Artex Europe, Middle East, and Africa.

"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."