AXIS snares Chubb exec as chief claims officer

AXIS Capital has unveiled Megan Watt as its new chief claims officer, effective April 17, 2023. Watt will be based in New York, and will report directly to Vince Tizzio, CEO Specialty Insurance and Reinsurance, and future Group CEO (effective May 4, 2023).

Watt will be responsible for the overall management and direction of the claims department across the company’s global portfolio. In addition, she will lead the evaluation, design, and implementation of claims policies and procedures.

Watt joins AXIS from Chubb where she was the head of North America complex claims. Previously, she served as chief claims officer for Everest, and prior to that, held claims leadership roles with increasing levels of responsibility at AIG.

“Megan is an exciting addition to our team – a world class Claims leader with an established record of success leading P&C commercial claims organizations with diverse, complex operating environments,” said Tizzio. “In addition, Megan brings demonstrated experience and a proven ability to foster a deep, subject matter expert claims organization that is data driven, mindful of operational effectiveness, and customer responsive.”

Watt said: “I couldn’t be more excited to join AXIS and become part of a strong global team that is already recognized within the industry for its superior claims handling. AXIS is a specialty insurance leader that stands apart for its ability to help customers navigate dynamic risk environments, and the Company’s values-driven culture and customer-centric approach resonate very deeply with me.”