Artex, the captive, various danger switch, insurance-linked securities (ILS) facilitation and capital options subsidiary of Gallagher, has introduced that its CEO Peter Mullen is to vacate that place, to turn out to be Chairman, and that Gallagher EVP Zeb Holt will take over within the CEO place from July.
Peter Mullen, who was additionally a co-founder of Artex Danger Options, can be appointed as its Chairman efficient January 1st, 2025.
Mullen was one of many founders of Artex again in 1997 and served as a member of its govt workforce till he departed for a task at Aon in 2011.
He had held the position of CEO at Aon Captive & Insurance coverage Administration for round eight years, however returned to Artex in March 2019 as its CEO.
Taking on the CEO position at Artex can be Zeb Holt, most just lately a Florida specialist senior dealer and chief at Gallagher.
Holt had beforehand labored at Artex from 2009 to 2013 and have become International Gross sales Director for the corporate, previous to which he was at Gallagher in Chicago.
After leaving Artex in 2013, Holt turned Space President for South Florida at Gallagher, then in 2018 turned the Regional EVP for Florida on the brokerage.
Holt will turn out to be Artex’s CEO (Designate) from July 1st, and can later succeed Mullen as Artex CEO from January 1st 2025.
Artex is without doubt one of the largest managers of captive, insurance coverage, reinsurance and ILS buildings throughout domiciles together with Bermuda, the Cayman Islands, Guernsey, and america.
