Business

Axis Insurance strengthens Capital Risk underwriting team

Senior underwriters Jim Parker and Richard Jeff have relocated to London from Bermuda and Singapore respectively, while Shuohan Dai has joined as senior underwriter in Singapore

Axis Insurance, the specialty insurance business segment of AXIS Capital Holdings Limited, has announced three appointments within its Capital Risk Solutions (“CRS”) team, effective immediately.

Jim Parker and Richard Jelf, both senior underwriters, have relocated 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 driving business growth”.

Meanwhile, Shuohan Dai has joined as senior underwriter in Singapore and will work with the existing teams to oversee CRS’ underwriting activities in APAC.

Michael Silas, head of Capital Risk Solutions, said: “Jim and Richard’s extensive knowledge of credit risk insurance along with their ability to cultivate strong broker relationships will enable us to accelerate the expansion of our credit risk insurance business in London while continuing to deliver exceptional service to our clients.

“Their relocation to London better aligns our underwriting presence with growing requests for project finance loan protection. This is a critical part of our underwriting expertise and a demonstration of our continued commitment to supporting the energy transition to renewable energy sources, which is the principal component of our project finance portfolio.”

He added: “I am delighted to welcome Shuohan to the team. Her extensive experience in Asia Pacific credit risk underwriting and European banking, as well as her excellent reputation in the region make her a valuable addition to the global CRS underwriting team.”

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