Former AIG Executive Megan Thomas Climbs on Board with AXIS Re

Bermuda-based global provider of specialty lines, AXIS Re (AXIS Capital), has named Megan Thomas as its chief underwriting officer. Based in New York, Ms. Thomas will be responsible for product and portfolio management with AXIS Re. She will join the reinsurance leadership team, reporting directly to AXIS Re CEO Steve Arora.

"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 Mr. 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, Ms. 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, Ms. 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 organizations 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 Ms. Thomas. "I believe in the vision and capabilities and I'm looking forward to being part of a strong team and an organization 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."

Photo of Megan Thomas, above, is courtesy of AXIS.