Artex Risk Solutions has acquired Cayman Islands-based Chandler Insurance Management.

In a statement, Artex said Chandler brings to the company more than 20 years of captive insurance management experience in the Cayman Islands.

Nick Heys, CEO of Artex’s International operations, said: “Chandler has earned a strong reputation in the Cayman insurance marketplace as a captive manager, with solid client relationships across a variety of industries covering multiple business lines.

“We are pleased to welcome Steven Butler and Beverly Hodkin to our existing Artex captive and insurance management team in Grand Cayman.

David McManus, president and CEO of Artex Risk Solutions, which has offices in Bermuda, said: “Steve brings us a wealth of experience and is highly regarded by his peers. He’s also well-recognised, having served in a variety of leadership roles with the Cayman Insurance Managers Association over the past two decades, including as chairman. Steve, Beverly and their associates will be wonderful additions to our growing Artex family.”

Artex is a wholly owned, autonomous subsidiary of Arthur J Gallagher & Co — one of the world’s largest insurance brokerage and risk management services firms.