Horseshoe has transitioned to the Artex brand name, three years after the two firms merged
Horseshoe is adopting the Artex brand name three years after it was bought out by the firm and two months following the departure of founder and chairman Andre Perez.
Artex, a subsidiary of re/insurance broker Gallagher, bought the competitor alternative risk transfer and ILS solutions firm in 2019 for an undisclosed sum.
Perez stood down from the company in March, having handed his responsibilities as chief executive over to Kathleen Faries in 2020.
He founded Horseshoe in 2005, developing the companies into one of the world’s largest ILS service providers, specialising in insurance management, risk transformation, fund administration, advisory and corporate services.
“As I reflect on the last 17 years and the incredible company my fantastic team and I built together, I can’t help but be amazed at and proud of all the things we accomplished to become the leading service provider in the ILS market,” said Perez, upon his departure.
In an announcement on LinkedIN, the firm emphasised it would be business as usual, despite the transition in brand.
”Effective today, Horseshoe has transitioned to the Artex brand name. Same great team. Same outstanding services and solutions.”