Former Aon captive chief heads back to Gallagher

Peter Mullen

Peter Mullen, Aon P.L.C.’s former captive chief, is returning to head rival brokerage Arthur J. Gallagher & Co.’s captive operation, Artex Risk Solutions Inc.

Aon confirmed on Friday that Bermuda-based Mr. Mullen was leaving after seven years heading Aon Captive & Insurance Management.

On Monday, Artex, where Mr. Mullen worked before joining Aon in 2011, announced he had been named CEO-elect, succeeding longtime CEO David McManus, who will become chairman of the unit.

Mr. Mullen “will begin his position in March 2019 once he has fulfilled his contractual obligations to Aon,” and Artex statement said.

“As our executive committee considered the future leadership of Artex, we immediately thought of Peter and the value we could create by reuniting the team that originally founded Artex,” Mr. McManus said in a statement.

Mr. Mullen helped found Artex in 1997.