International law firm Stephenson Harwood has advised Artex Risk Solutions on its acquisition of Quest Holdings (Gibraltar) Ltd., the largest insurance manager in Gibraltar.
"This acquisition is an important strategic investment for our client, Artex Risk Solutions,” said Stephenson Harwood corporate partner Sam Gray. “It marks the company’s continued expansion in Europe, and we look forward to working with them as they continue to develop their business across the region."
Artex Risk Solutions serves more than 1,500 customers through over 1,000 risk-bearing entities licensed in 27 countries. Quest, founded in 2004, specialises in providing services to insurance companies in Gibraltar.
David McManus, President of Artex Risk Solutions, said: "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."
The Stephenson Harwood team was led by partner Sam Gray (corporate) who was assisted by Kristy Leith (corporate) Brendan Sheehan (corporate) and Kate Worthington (tax). Triay & Triay provided advice on Gibraltar law.