Credit risk

AXIS Insurance expands its credit risk underwriting team for project and aircraft finance

PEMBROKE, Bermuda–(BUSINESS WIRE)–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. These moves will help strengthen the unit’s London focus while separately continuing to invest in its Asia-Pacific presence.

Appointments include:

  • Jim Parker and Richard Jelf, both lead underwriters, have moved 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 Senior Underwriter in Singapore and will work closely with existing teams to oversee CRS’ underwriting activities in the APAC region.

“Jim and Richard’s in-depth knowledge of credit risk insurance, along with their ability to maintain strong broker relationships, will enable us to accelerate the expansion of our credit risk insurance business. credit in London while continuing to provide exceptional service to our clients,” said Michael Silas, Director of Venture Capital Solutions. “Their relocation to London better aligns our underwriting presence with the growing demands for loan protection for project finance. 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 credit risk underwriting in Asia Pacific and European banking, as well as her excellent reputation in the region, make her a valuable addition to CRS’ global underwriting team.

Mr. Parker is moving to AXIS London office after spending 12 years in Bermuda, and Mr. Jelf is moving to London after four years in Singapore with AXIS. They will report to London-based CRS lead underwriter Mark Harwood.

Ms. Dai was previously a senior commercial underwriter at Euler Hermes. Prior to that, she spent four years at Société Générale as a Market Risk & Trading Valuation Analyst. Ms. Dai will report to Mr. Silas.

About AXIS Capital

AXIS Capital, through its operating subsidiaries, is a global provider of specialty insurance and treaty reinsurance with equity of $5.4 billion as of June 30, 2021 and operations in Bermuda, USA , 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 about AXIS Capital, visit our website at www.axiscapital.com.

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