AXIS Insurance expands its credit risk underwriting team for project and aircraft financing
PEMBROKE, Bermuda – (COMMERCIAL THREAD) – AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Limited (“AXIS Capital”) (NYSE: AXS), today announced three appointments to its Capital Risk Solutions team (“ CRS ”), with immediate effect. The relocations will help strengthen the unit’s focus on London while separately continuing to invest in its presence in Asia-Pacific.
The appointments include:
Jim Parker and Richard Jelf, both primary underwriters, have transferred to London from Bermuda and Singapore, respectively. They will focus on growing the project finance and aircraft finance portfolio, as well as strengthening existing relationships and growing the business.
Shuohan Dai joins as a senior underwriter in Singapore and will work closely with existing teams to oversee CRS’s underwriting activities in APAC.
“Jim and Richard’s in-depth knowledge of credit risk insurance along with their ability to nurture strong brokerage relationships will enable us to accelerate the expansion of our credit risk insurance business at London while continuing to provide exceptional service to our clients, ”said Michael Silas, Director of Venture Capital Solutions. “Their move to London better aligns our underwriting presence with the growing demands for project finance loan protection. This is an essential part of our underwriting expertise and a demonstration of our continued commitment to supporting the energy transition to renewable energy sources, which is the main component of our project finance portfolio.
Silas added, “I am delighted to welcome Shuohan to the team. Her extensive experience in underwriting credit risk in Asia-Pacific and the European banking industry, as well as her excellent reputation in the region make her a valuable addition to the global underwriting team at CRS.
Mr. Parker moves to the AXIS London office after spending 12 years in Bermuda, and Mr. Jelf moves to London after four years in Singapore with AXIS. They will report to Mark Harwood, a London-based senior underwriter of CRS.
Ms. Dai was previously Senior Commercial Underwriter at Euler Hermes. Previously, she spent four years at Société Générale as a market risk and transaction valuation analyst. Ms. Dai will report to Mr. Silas.
About AXIS Capital
AXIS Capital, through its operating subsidiaries, is a global provider of specialty line insurance and treaty reinsurance with equity of $ 5.4 billion as of June 30, 2021 and locations in Bermuda, United States. United, Europe, Singapore and Canada. Its operating subsidiaries have been rated “A +” (“Strong”) by Standard & Poor’s and “A” (“Excellent” by AM Best. For more information on AXIS Capital, visit our website at www.axiscapital.com.