Axis Capital Announces Major Expansion

GRAND ISLAND, NE--(Marketwired - Sep 26, 2016) - Axis Capital, Inc. (Axis), one of the nation's leading commercial equipment finance companies, announces a major expansion initiative by opening two new regional sales offices. This brings the total number of Axis regional sales offices to five, and supports Axis' expanded vendor originations platform. The first new office, based in Philadelphia, Pennsylvania covers the Mid-Atlantic region. Leading the Axis Philadelphia office is nearly 25-year industry veteran, Scott Hamburg. Scott brings to Axis a particular expertise in financing equipment in the Technology space as well as general equipment types. The second new office, based in Dallas, Texas covers the South Central region. This office is led by Brent McWhorter, who brings more than 25 years of industry experience to Axis. Brent's focus is on Construction, Transportation, Commercial and Industrial equipment financing while placing emphasis on lower middle market transactions ranging from $100,000 to $2,000.000. Both offices host multiple sales and auxiliary support functions. Additional personnel appointments include Jeremey Scott to the Grand Island office, and Kenneth Foster to the Dallas office.

"Opening two new U.S. regional offices augments Axis' ongoing strategy of directly supporting vendor and customer relationships throughout the US," said Michael Karman, Axis' Chief Commercial Officer. "Additionally, we are delighted that two highly respected senior level industry veterans have decided to join us to lead our growth efforts in their respective regions."

Axis Chairman and CEO, Mostafiz ShahMohammad, added, "In preparation for future growth, Axis is continually focusing on solidifying and growing the business relationships which are central to our ongoing success."

Axis' business continues to flourish and with this expansion, the company is building out its infrastructure to accommodate foreseeable growth while maintaining a dedicated and high customer service level. In the first quarter of 2016, Axis announced that the company increased its overall origination volume from $132.2 million to $213.0 million between 2014 and 2015, representing a 56 percent increase. As a result, Axis achieved the second largest year-over-year growth in Monitor's national ranking of Top 25 Vendor Channels.

About Axis Capital
Axis Capital, Inc. (Axis) is a nationally ranked Top Ten independent equipment finance provider and a Top Twenty vendor channel origination company that customizes capital financing programs for a wide variety of suppliers and businesses nationwide. Founded in 1996 in Grand Island, NE, Axis delivers solutions that help businesses across the country grow, succeed, and create value. Axis serves as a reliable capital partner to many active vendor programs and has funded transactions with over 15,000 vendors across diversified markets in the United States. Axis Capital is a subsidiary of New York based, Amur Finance Company, a global diversified holding company with over $800M in assets.

For more information, go to axiscapitalfinance.com.

About Amur Finance Company
Amur Finance Company, Inc. (Amur) is a privately held, diversified commercial finance company focusing on four main sectors: General Equipment; Aviation; Energy, Shipping & Logistics; and Other Industrial and Commercial Assets. Amur's management team and senior leaders have extensive industry expertise and have been involved in over $100 billion of transportation, industrial and related commercial finance, trading and investment transactions around the world. Amur takes a partnership approach to its investments, providing long-term value through direct investments and strategic arrangements with world-class entrepreneurs and businesses.

For more information, go to amurfinance.com.