Appleby Acts In Artex/Horseshoe Transaction

October 6, 2019 | 0 Comments

Appleby acted as counsel to the sellers of Horseshoe Insurance Services Holdings Ltd. in connection with the sale of the Horseshoe group to Artex Risk Solutions [Holdings] Limited, a subsidiary of Arthur J. Gallagher & Co.

Horseshoe is headquartered in Bermuda and has offices in the Cayman Islands, United States, Gibraltar, Ireland and London. Horseshoe is a leading provider of insurance management, fund administration, corporate administration and complementary services that are specifically targeted to the ILS market. Artex is a worldwide organisation licensed to conduct business in 32 jurisdictions around the world, providing clients with a full range of innovative alternative risk management solutions.

Alan Bossin, Matthew Ebbs-Brewer and Josephine Noddings

Bossin, Ebbs-Brewer and Noddings Bermuda Oct 2019

Following the acquisition, Horseshoe will become the global brand behind the ILS service offering of Artex and the Horseshoe team will be used to enhance the value of Artex’s services to its existing client base.

Alan Bossin, Partner at Appleby, who acted as legal advisor to Horseshoe assisted by Matthew Ebbs-Brewer [Partner] and Josephine Noddings [Senior Associate], comments that: “The Appleby team extends its congratulations to both Artex and Horseshoe on the formation of a market leading provider of solutions to the ILS market”.

Appleby’s corporate and insurance teams give advice on, amongst other things, mergers and acquisitions and the establishment, regulatory compliance, and business operations of [re]insurance companies to [re]insurance managers and brokers based in international jurisdictions. The teams advise on matters for private and listed companies in major New York and London finance houses i.e. FTSE 100 and Fortune 500 household names.

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