Mergers and Acquisitions
London-based global runoff specialist RiverStone recently acquired two Cayman-based captive insurance companies with medical liabilities, GMPCI Insurance Company, Ltd., and Seaside Indemnity Alliance Company, Ltd.
Artex Risk Solutions will acquire Horseshoe Insurance Services Holdings Ltd. in a move to strengthen its insurance-linked securities (ILS) operations. Artex expects to complete the transaction before the end of the year.
Through its recent acquisition of Global Captive Management, Holmes Murphy has moved into the international space. The companies have a history that dates back 2 decades, according to a release from Holmes Murphy.
Insurance brokerage and risk management firm Risk Strategies has acquired Risk Management Advisors (RMA) to bolster the firm's expertise in captive insurance, self-insurance, and other alternatives to traditional insurance.