Axis Re has named former American International Group executive Megan Thomas as its chief underwriting officer.

Ms Thomas will be based in New York in her new role with the reinsurance division of Bermudian-based Axis Capital Holdings Ltd.

She will report to Steve Arora, Axis Re’s chief executive officer.

During her 12 years with AIG, Ms Thomas worked in several CUO roles. In Bermuda, she held the dual position of CUO and head of AIG Cat Excess Liability, and more recently served as global CUO of liability lines in New York.

Ms Thomas began her insurance career in Australia.

Mr Arora said: “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.

“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.”

Ms Thomas said: “I’m excited to join Axis Re during this pivotal time as the business cements a leadership position in the reinsurance space. 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.”