Arsenal Insurance Management has acquired Jade Risk, a Dallas-based captive manager. Jade Risk manages around 50 captives in both onshore and offshore domiciles and specializes in enterprise risk captives that make the 831(b) tax election. The acquisition will help Arsenal expand into the growing 831(b) market. Jade Risk's president, Chris Jarvis, will join Arsenal's board and help with special partnerships. The Jade Risk brand will continue for now but be incorporated under the Arsenal brand over time. Arsenal also plans to open a new office in Florida.