Gallagher's Artex Risk Solutions Acquires Allied Risk Management

Arthur J. Gallagher & Co.'s captive and alternative risk transfer solutions subsidiary, Artex Risk Solutions, Inc., has acquired Dublin, Ireland–based Allied Risk Management.

Terms of the transaction were not disclosed.

Allied Risk provides insurance and risk management services as well as actuarial services to clients around the world. Frank Coyle, director at Allied Risk, and his team will remain in their current location under the direction of Paul Eaton, head of Artex International.

"Allied Risk is a highly respected company that will enhance Artex’s insurance management and actuarial capabilities," J. Patrick Gallagher, Jr., chairman, president, and CEO of Arthur J. Gallagher, said in a statement. "I am very pleased to welcome Frank and his associates to our growing, global team."