Bermuda-based Artex announced the creation of Artex Risk Solutions (Singapore) Pte Ltd., its first office in the region, which 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.
“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,” said Nick Heys, CEO of Artex International.
Pannuzzo joins Artex from Aon Global Risk Consulting where he was regional managing director in Singapore for seven years (starting in January 2011), according to his LinkedIn profile. Prior to that, he was managing director at Marsh in Singapore between January 2001 and December 2010, his profile said.
“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,” Pannuzzo said.
“Over the past few years Artex has developed into one of the fastest growing and most diverse insurance managers in the marketplace. We’ve broadened our reach into Europe, and significantly increased scale in Bermuda and the Cayman Islands,” noted Artex President and CEO David McManus.
“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,” he added.
A wholly owned, autonomous subsidiary of Rolling Hills, Ill.-based Arthur J. Gallagher & Co., Artex Risk Solutions Inc. specializes in captive management and alternative risk programs.
Was this article valuable?
Here are more articles you may enjoy.