AXIS Re appoints new chief underwriting officer

AXIS Re has announced the appointment of Megan Thomas as its chief underwriting officer (CUO). She will be responsible for product and portfolio management within the company.

Thomas will join the reinsurance leadership team, reporting directly to AXIS Re chief executive officer Steve Arora, and will be based in New York.

“Megan is a unique leader grounded in industry fundamentals while also forward-looking on the evolving industry and risk landscape. She is a proven CUO who brings deep underwriting experience across multiple global markets,” said Arora. “We are excited to welcome her to the leadership team and confident that she will play an important role as we grow a leadership position in the reinsurance market.”

Prior to joining AXIS, Thomas spent 12 years at AIG, where she advanced to hold multiple CUO positions while working in the company’s New York and Bermuda offices. Most recently, she served as global CUO of liability lines in New York. Prior to that, she held the dual position of CUO and head of AIG cat excess liability, based in Bermuda. Previously, Thomas held a variety of management and underwriting roles in New York in excess casualty as well as in claims. She began her career serving in private and public sector roles at multiple organisations within the Australian insurance and financial services market.

“I’m excited to join AXIS Re during this pivotal time as the business cements a leadership position in the reinsurance space,” said Thomas. “I believe in the vision and capabilities and I’m looking forward to being part of a strong team and an organisation that shares my passion for both the art and science of underwriting. I was also drawn to the Company’s strong corporate values and its focus on creating a positive societal impact.”