29 January 2018Analysis

Artex opens Singapore office, reveals chief exec

Artex has expanded its operations in Asia Pacific with the creation of Artex Risk Solutions (Singapore), its first office in the region.

The new office will oversee the growth and development of Artex's Asia Pacific captive and risk solutions strategy.

Spearheading this new office is Vic Pannuzzo, who has been hired as its chief executive.

Pannuzzo has over 30 years of experience serving large multinationals in the insurance and risk service industry within the Asia Pacific market. The last 17 were spent managing and advising captive client and prospects.

“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,” said Pannuzzo.

David McManus, president and CEO of Artex, commented: “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.

“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.”

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