Artex founds new Singapore office

Artex has created Artex Risk Solutions in Singapore, its first office in the region.

According to the company the new office will oversee the growth and development of Artex’s Asia Pacific captive and risk solutions strategy. Vic Pannuzzo has been hired as chief executive for the new Singapore office.

“We’re delighted to bring Vic into the Artex family,” said Nick Heys, chief executive officer of Artex International. “With over 30 years of experience serving large multinationals in the insurance and risk services industry within the Asia Pacific marketplace, the last 17 managing and advising captive clients and prospects, Vic is well-equipped to establish Artex as the premier provider of captive services in the region.”

“I’m very excited to be part of this dynamic organization and look forward to offering true differentiation in captive and related services in Singapore and the developing region,” commented Pannuzzo.

“Over the past few years Artex has developed into one of the fastest growing and most diverse insurance managers in the marketplace,” said Artex president and chief executive officer David McManus. “We’ve broadened our reach into Europe, and significantly increased scale in Bermuda and the Cayman Islands. We have a number of clients in the Asia Pacific region already and believe that we now have a great opportunity to release the untapped potential in that marketplace. This expanded global reach also enhances the variety of solutions Artex offers our customers worldwide.”