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Artex Risk Solutions acquiring service provider for ILS market

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Artex Risk Solutions acquiring service provider for ILS market

Artex Risk Solutions Inc. will acquire Bermuda-based Horseshoe Insurance Services Holdings Ltd.

Horseshoe provides insurance management, fund administration, advisory and corporate services to the insurance-linked securities market.

The acquisition is subject to regulatory approvals. It is expected to close in the fourth quarter.

Artex Risk Solutions is the captive and alternative risk transfer solutions subsidiary of Arthur J. Gallagher & Co.