Bermuda-based insurance firm Axis Capital announced earlier this week that its subsidiary, Axis Specialty Limited, has received approval from the Monetary Authority of Singapore to establish a representative office in the far eastern city-state.
Commenting on the decision to appoint Andreas Thiele, Axis Capital's Senior Vice President, Director of Asia Pacific Region to head up the firm’s far eastern growth plans, William Fischer, CEO and President of Axis Capital’s Global Reinsurance segment observed:
"Axis Capital is very pleased to have someone with the excellent reputation, skills and contacts of Andreas to fill this new role for us.”
He continued: “We are also delighted that the MAS has seen fit to grant Representative Office status to Axis. We look forward to strengthening our presence throughout the region with this important initiative.”
Axis Capital is a global provider of specialty lines insurance and treaty reinsurance with shareholders’ equity in excess of $3.0 billion located in Bermuda, the United States and Europe.
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