AXIS Re appoints North America head

AXIS Re, the reinsurance business segment of Bermuda-based AXIS Capital Holdings has appointed Jason Busti as president of North America.

Busti joins AXIS Re from Swiss Re, where he spent 22 years in a variety of underwriting and sales management positions. Most recently, he was managing director and client executive, with responsibility for the company’s US globals business. Prior to that, he was a senior vice president. He also served as head of casualty underwriting for the regional segment in the US.

In his new role, Busti will oversee AXIS Re’s North America treaty reinsurance business, which includes the US, Bermuda and Canadian markets. He will be a member of the reinsurance leadership team and will report to AXIS Re CEO Steve Arora. He will be based in New York.

AXIS Re also announced that Roman Romeo has assumed the role of head of property Bermuda.

Arora said: “Jason is a highly accomplished and widely respected reinsurance leader who possesses the right mix of technical skills, leadership capabilities and broker market experience. His approach and perspective are well aligned with the performance, people and client-centric cultures that we are building across AXIS Re.”