Artex Risk Solutions Inc., the captive management unit of Arthur J. Gallagher & Co., on Tuesday launched a group captive to address risks for transportation, trucking for hire, convenience store operators and petroleum marketers.
The captive will provide coverage for workers compensation, auto liability and auto physical damage.
Artex is the captive consultant and manager, and coverage is provided by Midwest Employers Casualty and Carolina Casualty, units of W.R. Berkley Corp.
Claims administration and loss control will be provided by Gallagher Bassett Services Inc. and Carolina Casualty.
“The U.S. transportation industry has experienced pockets of reduced insurance and risk management options in recent years due to labor shortages, supply chain challenges and a distressed insurance market,” said Martin Hughes, executive vice president, specialty risk transfer for Artex in North America.
