Brought to you by:

Stardex extends ties with Axis Specialty Europe

Sydney-based underwriting agency group Stardex Insurance Group has extended its contract with Axis Specialty Europe until June 30 2010.

Stardex Insurance Group comprises six underwriting agencies: Dexta Corporation, MB Insurance Group, Agricola Underwriting Management, Pacific Underwriting, Macquarie Underwriting and SLE Worldwide Australia.

Stardex CEO Bob Lee says Axis Specialty Europe is a financially strong, growing company willing to support the underwriting group as it continues to expand its specialty product range.

“It’s unusual for underwriting agencies to have certainty over their security for much longer than 12 months at a time,” he said.

Parent company Axis Capital Holdings provides specialty insurance and reinsurance globally and is headquartered in Bermuda, with offices in the US, the UK, Ireland, Switzerland and Singapore.