Artex Risk Solutions announced that it has acquired Quest Holdings (Gibraltar) Ltd., the largest insurance manager in Gibraltar.

Founded in 2004, Quest specialises in providing services to insurance companies in Gibraltar thereby establishing a European Union domicile.

"We had long admired Quest’s leading position in the Gibraltar insurance market and their style and approach to business makes them a perfect match for Artex.

We’re very happy to welcome Steve Quinn, Chief Executive Officer and Founder of Quest, and his staff to the Artex family," said Nick Heys, CEO of Artex’s International operations.

David McManus, President of Artex Risk Solutions added, "Quest strengthens us considerably within the Gibraltarian insurance market and brings particular expertise in the UK motor arena. In addition their broader European knowledge and relationships will help drive Artex’s International growth and complement the recent acquisitions of Hexagon and Kane’s insurance management operations.

"We are looking forward to developing many new and exciting opportunities with Steve and his great team."

Artex is a risk solutions company delivering collaborative expertise from specialists who analyze, design, manage and provide access to cost effective risk solutions.

Headquartered in Bermuda, they service more than 1,500 customers, through over 1000 risk bearing entities licensed in 27 domiciles and nearly 400 employees.

Artex is a wholly owned, autonomous subsidiary of Arthur J. Gallagher & Co one of the world’s largest insurance brokerage and risk management services firms.

Gallagher is headquartered in Itasca, Illinois, has operations in 31 countries and offers client service capabilities in more than 150 countries around the world through a network of correspondent brokers and consultants.