DigiCert QuoVadis

News and Events

18 Dec 2001

AXIS Specialty Limited today announced that it has appointed QuoVadis to provide digital signature solutions for its operations.

With more than $1.6 billion in capital, AXIS was formed in response to the significant dislocations in the global reinsurance sector following the World Trade Center disaster. Based in Bermuda, AXIS has reinforced the island’s position as the dominant global insurance centre.

According to Andrew Cook, CFO of AXIS Specialty, “Along with our substantial capital and proven management team, AXIS has designed our systems to leverage the latest technologies to provide clients with the ability to submit and close deals online rapidly, confidentially, and securely.”

Also based in Bermuda, QuoVadis is the first offshore commercial certificate authority in the world. QuoVadis is working with technology consultant Sbi Limited to provide digital certificates to both AXIS and its business partners. Digital certificates are a non-forgeable form of electronic ID that can be used to ensure privacy online and for secure access to Web sites and networks. They also create legally binding digital signatures that allow high value business to be transacted over the Internet.

Tony Nagel, CEO of QuoVadis, continued, “Digital certificates allow companies to move their business online, improving responsiveness while managing the risks to both their reputation and bottom line. In addition, by using Bermuda-issued QuoVadis certificates, AXIS is able to reinforce the link between its global operations and the Bermuda jurisdiction.”

The Hon. Renee Webb, Bermuda’s Minister for Telecommunications and e-Commerce, commenting on the announcement, congratulated the Bermudian companies involved and noted, “This development illustrates the quality of Bermuda’s e-business infrastructure and its readiness to serve the needs of the global reinsurance sector and other businesses both off and on the Island.”