Artex and Gallagher Extend Risk Management Services in Abu Dhabi
October 29, 2024
Artex, in collaboration with Gallagher, has introduced alternative risk and captive insurance management services within the Abu Dhabi Global Market (ADGM), broadening its support for clients across the Middle East and Africa (MEA).
This service expansion responds to the region's rapid economic diversification, with industries like energy, construction, finance, and healthcare experiencing significant growth. The move allows Artex and Gallagher to address the complex risk needs emerging from these sectors with specialized solutions.
Paul Eaton, CEO of Artex for Europe, the Middle East, and Africa, said, "We are excited to expand our global Artex footprint by offering alternative risk and captive management services in ADGM. As companies expand their operations and face more complex risks, captives and other alternative risk transfer strategies are an increasingly important solution for the largest firms." Partnering with Gallagher's established team in the region strengthens the foundation of this new offering.
Gallagher, having established its MEA presence in 2022, serves a large and diverse client base through its expertise in aerospace, construction, marine, energy, power, renewables, special risks, crisis management, and financial lines. Through its joint venture with ACE Gallagher, the firm also offers retail broking services across Saudi Arabia, Bahrain, the United Arab Emirates, Oman, Kuwait, Lebanon, and Greece, with a legacy in the MEA market dating back to 1952.
Nadim Semaan, senior executive officer of Gallagher in the Middle East and Africa, said, "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."
October 29, 2024