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Axis Capital Holdings Ltd. said Thursday it has hired former Chubb Ltd. executive Megan Watt as chief claims officer, effective April 17.
She fills the role previously held by Michael Baumel, who left the company to join Chicago-based Old Republic General Insurance Group Inc. in December.
Ms. Watt, based in New York, will report to Vince Tizzio, current CEO of specialty insurance and reinsurance, who is set to become CEO of the Bermuda-based insurer and reinsurer in May.
Ms. Watt was previously head of North America complex claims at Chubb and prior to that served as chief claims officer for Everest Insurance, Everest Re Group Ltd.’s primary insurance division.