Kane Insurance Management specialises in captive consulting and Insurance-Linked Security

Pensions Insight

Arthur J Gallagher’s Bermuda-based captive management operation Artex Risk Solutions has acquired the insurance management operations (KIM) of Kane Group.

The insurance services group specialises in insurance management, captive consulting, ILS administration, LPI and fund solutions, as well as compliance services.

It provides Insurance-Linked Security and structured transaction administration (ILS) that supports catastrophe bonds, sidecars, collateralised reinsurance and similar structures.

Kane associates Robert Eastham, Linda Haddleton, Ann Westand will continue to operate from their locations in Bermuda, Cayman, Guernsey, and in South Carolina and Vermont in America.

They will continue to report to David McManus, head of Artex Risk Solutions.

Gallagher Group chief executive Patrick Gallagher said: “KIM is highly regarded for its industry-leading expertise in the ILS market and its emphasis on quality customer service,”

“KIM’s specialized products add to Artex’s client capabilities, and its team will expand Artex’s presence, particularly in Bermuda and Cayman.

“This group will be a wonderful complement to Artex Risk Solutions as it continues to add innovative client products and extend its international footprint.”