Artex Risk Solutions

What Artex Risk Solutions does

Artex Risk Solutions is a Bermuda-founded (1997), Rolling Meadows-headquartered alternative risk and capital solutions provider operating as a wholly-owned subsidiary of Arthur J. Gallagher & Co. (NYSE: AJG). It is the third-largest insurance manager globally and the world's largest manager of cell captives, administering 500+ single-parent captives with premium sizes ranging from $300,000 to over $100 million across more than 35 international domiciles. The company serves four primary customer segments — large multinational corporates, small-to-mid-sized corporates, capital markets and ILS participants, and (re)insurance carriers — with secondary reach into brokers, MGAs, and PEOs. Its services are organized into Advisory, Feasibility/Structuring/Formation, Insurance Management, and Administration & Professional Services, with the Artex Axcell global cell facility platform and Artex Fund Services (ILS/PE fund administration) as flagship offerings.

The technology layer is built around proprietary cell-captive infrastructure (Artex Axcell Protected Cell Company platform spanning US, Cayman, Bermuda, and Guernsey, including the first Vermont PCC), insurance-linked securities and alternative fund administration infrastructure, and reinsurance management capabilities. Pricing is bespoke and not publicly disclosed, structured around annual subscription/management fees for captive management and managed services or professional services fees for advisory and formation work; GTM is sales-led through regional sales heads, broker partnership programs, direct enterprise field sales, and capital markets distribution channels, with the ADGM Middle East and Africa entry launched in partnership with Gallagher in October 2024.

Growth has been driven by a sustained acquisition program — five completed deals between May 2023 and October 2024 alone (Allied Risk Management, Frontier Financial Services, ICSR, Bee Insurance Management, and Risk International, the latter adding 147 colleagues across six US locations) — alongside organic launches including the Vermont PCC, Tenant Legal Liability program, and Transportation Group Captive, plus the April 2026 Enstar partnership embedding legacy/run-off exits inside Artex's ILS vehicles.

Name

Artex Risk Solutions

Legal name

Artex Risk Solutions, Inc.

Website

https://artexrisk.com

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Artex Risk Solutions, a subsidiary of Arthur J. Gallagher & Co., is the world's largest cell captive manager and third-largest insurance manager globally, offering alternative risk financing, captive management, ILS fund administration and advisory services across 35+ domiciles.

Ownership category

akta.pro rank

Product category

Insurance Management Services

NAICS

Insurance Agencies and Brokerages (524210), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Captive Insurance Advisory & Management (FSAEADAF)

akta.pro secondary industries

Catastrophe Bonds & Insurance-Linked Notes (ILS) (FSACABAO), Insurance-Dedicated Multi-Manager Platforms (e.g., ILS / Cat Bond FoF) (FSAHAKAK), Professional Liability (E&O) Reinsurance (FSAOADAH)

Keywords

• Alternative risk management
• Captive insurance management
• Insurance-linked securities
• Reinsurance management
• Captive formation services

Headquarters

HQ city

Rolling Meadows

HQ country

United States

HQ region

North America

Offices11 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Captive Management Services: Management fees for administering single-parent captives, group captives, cell facilities, and employee benefit captives across 35+ domiciles globally. Premium sizes range from $300,000 to over $100 million.
2. Insurance Management: Reinsurance management, corporate services, risk management, and legacy/run-off solutions for (re)insurance carriers of all sizes.
3. Fund Administration Services: ILS and alternative fund administration including reporting to GPs and LPs, client service for emerging managers, and fund domicile administration.
4. Advisory Services: Risk advisory, benefits advisory, operational advisory, compliance advisory, actuarial services, and enterprise risk management solutions.
5. Feasibility, Structuring and Formation: Formation and management of captives, group captives, cell facilities, employee benefit captives, broker and MGA facilities, Bermuda market access, specialty guaranteed cost programs, and alternative risk reinsurance services.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels8 records

Core offering

Artex Risk Solutions is an alternative risk management and insurance services firm that forms, manages, and administers captive insurance structures (single-parent, group, cell, and employee benefit captives), provides insurance-linked securities (ILS) and alternative fund administration, delivers reinsurance and legacy/run-off management, and offers risk, benefits, and operational advisory services. Operations span 35+ international domiciles for corporate clients, (re)insurance carriers, capital markets participants, and brokers.

Product overview

Artex Risk Solutions is a diversified alternative risk and capital solutions provider operating as a subsidiary of Arthur J. Gallagher & Co. The company offers a comprehensive suite of services organized into four main service lines: Advisory (risk, benefits, private equity, operational, compliance, and actuarial), Feasibility/Structuring/Formation (captive formation, cell facilities, market access), Insurance Management (reinsurance, corporate services, risk management, legacy/run-off), and Administration/Professional Services (fund services, talent solutions, outsourced insurance management, direct underwriting). Under the Capital Markets division, Artex provides insurance-linked securities (ILS) and fund administration through Artex Fund Services. The company also operates Artex Axcell as its global cell facility brand offering protected cell companies across multiple jurisdictions. Artex serves corporates, capital markets participants, carriers, and brokers through offices in over 35 domiciles internationally.

Differentiator

Problem solved

Functional benefit

Brands

• Artex Axcell: Global cell facility solution brand providing protected cell company services for alternative risk transfer.
• Artex Capital Solutions

Products and services

• Advisory Comprehensive advisory services covering risk advisory, benefits advisory, private equity advisory, operational advisory, enterprise risk management, compliance advisory, and actuarial services for corporates, (re)insurers, and MGAs.
• Feasibility, Structuring and Formation Services including feasibility studies, group captives, single-parent captives, cell facilities, employee benefit captives, formation management and domiciles, broker and MGA facilities, Bermuda market access, specialty guaranteed cost programs, alternative risk reinsurance services, and underwriting for marine, energy and aerospace.
• Insurance Management Comprehensive insurance management services including reinsurance management, sales advisory and analytics, corporate services, risk management, and legacy solutions and run-off.
• Administration and Professional Services Services including fund services, corporate services, legacy solutions and run-off, talent solutions, outsourced insurance management, PEOs and temporary staffing firms, risk management services, and direct underwriting.
• Capital Markets Solutions Insurance-linked securities (ILS) and fund administration services including reinsurance management, Artex Fund Services, sales advisory and analytics, and private equity advisory. Connects capital to (re)insurance risks.
• Artex Axcell Global cell facility brand offering protected cell companies (PCCs) across US, Cayman, Bermuda, and Guernsey jurisdictions, enabling multiple users to operate different risk transfer activities through a single legal entity with segregated cell assets and liabilities.
• Artex Fund Services Fund administration services for insurance-linked securities and alternative fund markets, providing market-leading expertise from concept development and structure design to regulatory application, incorporation, and ongoing management.
• Tenant Legal Liability Insurance Program New Tenant Legal Liability insurance program offering targeted at corporate and commercial clients needing protection against tenant-related legal exposures.
• Transportation Group Captive New group captive offering for transportation industry clients seeking alternative risk financing and risk retention through a shared captive vehicle.

Quantifiable outcome

• Ireland captive licensing approval obtained within 3 months — record turnaround
• +2 more outcomes

Named customers2 records

Segments7 records

Ideal customer profiles7 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core and minor.

• EnstarcoreStrategic or Co-development Partner · 15 April 2026Enstar, a legacy and run-off reinsurance specialist, partnered with Artex Capital Solutions to introduce structured exit solutions embedded within Artex's ILS vehicles. The partnership addresses the trapped capital issue in the ILS market through forward-exit options, novations, loss portfolio transfers, and adverse development covers delivered via Enstar's subsidiary Cavello Bay Reinsurance Limited.
• AirmicminorStrategic or Co-development Partner · 1 January 2026Artex hosts its annual 'Insuring the Future' roundtable in association with Airmic, featuring expert speakers on topics including AI law, systemic cyber risks, geopolitical risks, and operational resilience. The roundtable brings together industry leaders and Artex clients.
• Central Bank of IrelandminorOthers · 1 October 2025Artex Ireland worked closely with the Central Bank of Ireland (CBI) authorization team to obtain approval in principle for a new direct-writing captive (EP Insurance DAC) within just three months — a record turnaround for captive licensing in Ireland. CBI has been closely involved with the Solvency II review and influenced proportionality measures for captive supervision.
• Gallagher (Middle East & Africa)coreStrategic or Co-development Partner · 1 October 2024Artex launched alternative risk and captive management solutions in Abu Dhabi Global Market (ADGM) in partnership with Gallagher. This builds on Gallagher's existing team in MEA with specialty, facultative and treaty risk professionals across aerospace, construction, marine, energy, power, renewables, special risks, crisis management and financial lines. Also includes partnership with ACE Gallagher, a pioneer in MEA regional insurance industry dating back to 1952.
• Vermont (Domicile)minorOthers · 1 April 2024Artex launched its first Vermont Protected Cell Company (Artex Axcell PCC (Vermont), Inc.) in Vermont, which is established as the largest captive domicile globally. Vermont enables Artex to offer cell participants flexibility between incorporated and unincorporated structures.
• Arthur J. Gallagher & Co.coreOthers · 12 September 2023Artex is a wholly-owned subsidiary of Arthur J. Gallagher & Co. (AJG), a Delaware corporation. AJG acquired Frontier Financial Services Limited through its subsidiary Artex. Artex is the brand name for companies forming part of AJG and/or its subsidiaries and affiliated companies.

Scale indicators8 records

Recent moves13 records

Expansion highlights6 records

Emerging players

• Risk Strategies Company: Risk Strategies is a privately held insurance brokerage with growing captive and alternative risk practice. Comparable to Artex for specialty insurance placement and emerging captive advisory services for mid-market clients.
• Beecher Carlson: Beecher Carlson is a specialty insurance broker with captive management capabilities serving middle-market and large commercial clients. Provides captive and alternative risk solutions comparable to Artex's mid-market segment focus.

Broad incumbents

• Citco Fund Services: Citco is a global fund administrator serving alternative investment managers including ILS structures. Comparable to Artex Capital Solutions for fund administration services supporting insurance-linked securities and alternative risk transfer vehicles.
• SS&C GlobeOp: SS&C GlobeOp is a large fund administrator providing services across hedge funds, PE, and ILS markets. While broader in scope than Artex Fund Services, it competes directly in ILS fund administration for institutional capital markets clients.
• JLT Group (now Marsh): JLT Group was a major insurance broker with captive management capabilities before its acquisition by Marsh. Historically a direct peer to Artex in employee benefits captives and specialty risk consulting.

Direct peers

• Aon Insurance Management Services: Aon Insurance Management Services is a division of Aon plc providing captive management, ILS, and alternative risk solutions. Directly competes with Artex across captive formation, fund administration, and risk advisory services for multinational corporate clients.
• Opus Fund Services: Opus Fund Services provides fund administration for ILS and alternative investment funds. Directly comparable to Artex Fund Services for ILS fund administration, GP/LP reporting, and fund domicile services in the capital markets segment.
• Willis Towers Watson Captive Solutions: WTW's Captive Solutions practice provides captive formation, feasibility, and management services to corporate clients. Competes directly with Artex in the alternative risk management space, particularly for large multinational captive programs.
• TMF Group: TMF Group provides independent insurance and captive management services across 80+ jurisdictions. Directly comparable to Artex in captive formation, management, and administration services for corporate clients seeking alternative risk solutions.
• Marsh Captive Solutions: Marsh Captive Solutions is the captive insurance management arm of Marsh McLennan, providing formation, management, and consulting services for captives globally. Directly competes with Artex in the captive management space, serving similar corporate clients with similar cell facility, single-parent, and group captive solutions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/artex-risk-solutions-inc.
• Xx.com/artexrisk

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Subsidiaries12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Artex Risk Solutions