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shutterstock/Margarita Young
6 October 2021News

AXIS strengthens project finance business with London relocations

AXIS Insurance, the specialty insurance business of AXIS Capital Holdings, has bolstered its project and aircraft finance credit risk underwriting team with three new appointments to its Capital Risk Solutions team.

Jim Parker and Richard Jelf, senior underwriters with Axis in Bermuda and Singapore, relocate to London. They will focus on growing the project finance and aircraft finance portfolio as well as strengthening existing relationships and driving business growth.

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.”

Shuohan Dai, meanwhile, joins as senior underwriter in Singapore and will work with the existing teams overseeing the CRS teams’ underwriting activities in APAC. Dai joins from Euler Hermes, where she was senior commercial underwriter. Before that, she spent four years at Société Générale as a market risk & trading valuation analyst. Dai will also report to Silas.

“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,” he said.




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