Artex Risk Solutions has completed the purchase of insurance-linked securities specialists Horseshoe Insurance Services Holdings Ltd, the company announced today.

Artex said the acquisition significantly strengthens its ILS operations and furthers the company’s goal to become the best service provider to the world’s risk capital.

The company said Horseshoe will become the global brand of ILS services for Artex, which will operate as one global team across multiple jurisdictions to better serve its clients and provide consistent delivery of services regardless of the domicile.

Horseshoe specialises in providing insurance management, fund administration, advisory and corporate services to ILS and alternative fund markets.

Founded by Andre Perez in 2005, Horseshoe is headquartered in Bermuda, with operations in London, Grand Cayman, Sri Lanka and Charlotte, North Carolina.

Mr Perez and his associates will continue to operate from their current locations under the direction of Peter Mullen, chief executive officer of Artex, the company said.