Log In

Reset Password

Axis to write reinsurance in China

Bermuda-based Axis Capital's Lloyd's of London syndicate has won approval to open an underwriting division in China.

The new Shanghai-based arm at Lloyd's Insurance Company (China) will focus on treaty reinsurance business on the Lloyd's China platform from the start of next year.

Richard Milner, president and chief underwriting officer of Axis Re Asia Pacific said: “Axis Re has been an active participant in the Chinese reinsurance market for the past several years.

“We believe insurance and risk transfer products will play a vital role in supporting economic growth both in China and across Asia.

“Establishing a new underwriting relationship for Axis Syndicate 1686 through Lloyd's China is a sign of our continued commitment to Lloyd's and the Chinese market.

“We look forward to working closely with our clients in China as we grow our business in the coming years.”

Alistair Robson, active underwriter of Axis Syndicate 1686, added: “We are very pleased to add treaty reinsurance to the other specialty insurance classes we currently underwrite in the syndicate, reflecting the diversified nature of Axis Capital's wider business as well as enhancing service to our global broker and client base.”

China entry: Axis Capital has gained approval to write reinsurance in the world's second-largest economy

You must be Registered or to post comment or to vote.

Published December 02, 2015 at 8:00 am (Updated December 01, 2015 at 7:14 pm)

Axis to write reinsurance in China

What you
Need to
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon