Artex Risk Solutions, Inc., has acquired Fairlawn, Ohio-based RIBV Holdings, LLC, and its subsidiaries, collectively doing business as Risk International. Terms of the transaction were not disclosed.
Risk International provides outsourced risk management and employee benefits advisory services for private equity and corporate clients across the US. The Risk International team, led by Todd Miller and Todd Lawrence, will remain in their current location under the direction of Jennifer Gallagher, head of Artex's North American operations.
"Artex is thrilled to announce the successful merger with Risk International, a move that signifies our commitment to enhancing our service offerings and expanding our market reach," said Gallagher. "This strategic partnership marks an exciting chapter in our continuous journey to provide exceptional alternative risk management solutions to our clients."
Artex's Global CEO, Peter Mullen, said, "We are delighted to welcome Todd Miller, Todd Lawrence and their team to Artex. Risk International have built a terrific business that has a strong strategic alignment with Artex. They help clients find a better way to control the cost of risk across their business, which complements Artex's ability to build risk financing vehicles for clients. Risk International brings us 147 new colleagues spread across six locations in the US, including their headquarters in Fairlawn, Ohio. We welcome the new team and look forward to working together."
About Artex
Artex is a trusted leader and provider of diverse alternative risk and capital solutions, including fund administration. Established in more than 35 domiciles internationally, our global team provides creative thinking and deep expertise for our clients in the (re)insurance and alternative capital marketplace. We're here to help you find a better way to reduce your total cost of risk and improve your return on capital.