According to China Captive Network, Artex Risk Solutions, the captive management arm of Arthur J. Gallagher & Co., is close to reaching an agreement to acquire independent captive management company Kane. The M&A deal is expected to be completed by the end of February.

        Kane is currently the world's largest independent captive manager, managing more than 13,000 captive entities, including a large number of cell companies.

        In May 2014, Artex acquired Heritage, a captive management company based in Guernsey.