Arthur J. Gallagher’s Artex acquires Ohio-based Risk International

Insurance and reinsurance broker Arthur J. Gallagher & Co. has announced that Artex, its alternative risk and capital solutions subsidiary, has acquired RIBV Holdings, LLC, which operates as Risk International.

Based in Ohio, Risk International specialises in outsourced risk management and employee benefits advisory services for private equity and corporate clients across the U.S.

The Risk International team, led by Todd Miller and Todd Lawrence, will continue working from their current location under the leadership of Jennifer Gallagher, head of Artex’s North American operations.

This acquisition underscores Gallagher’s commitment to enhancing its service offerings and expanding its market presence.

Peter Mullen, Global CEO of Artex, expressed excitement about the acquisition, stating, “We are delighted to welcome Todd Miller, Todd Lawrence and their team to Artex. Risk International has built a terrific business that has a strong strategic alignment with Artex. They help clients find a better way to control the cost of risk across their business, which complements Artex’s ability to build risk financing vehicles for clients.”

He added, “Risk International brings us 147 new colleagues spread across six locations in the US, including their headquarters in Fairlawn, Ohio. We welcome the new team and look forward to working together.”

J. Patrick Gallagher, Jr., Chairman and CEO, emphasised, “Risk International’s advisory expertise and client relationships are an excellent strategic fit for Artex and will provide opportunities for growth.

“I am excited to welcome the Risk International team to our growing Gallagher family of professionals.”

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