Artex Risk Solutions has fortified its Insurance Linked
Securities (ILS) capability with the purchase of Hexagon Insurance
PCC Ltd.
The firm has acquired the cores of Guernsey-domiciled Hexagon
and its subsidiaries.
The deal extends Artex's new ILS capability, building upon
the recent acquisition of Kane's insurance management
operations. Established in August 2011, Hexagon is part of Robus
Group, founded by the late Chris Le Conte, exclusively providing
Protected Cell Company (PCC) facilities to the ILS industry.
The deal includes the company's three subsidiaries: Axe
Insurance PCC Ltd., Septagon Insurance PCC Ltd. and Hexagon ICC
Ltd.
"Hexagon's expertise and legacy of innovation is
well-known in the alternative capital segment of our industry. This
merger, in addition to the recently announced acquisition of
Kane's ILS and structured transaction administration services,
positions us as a leading player in this field. We are excited to
welcome Justin Wallen
