AXIS poaches Chubb’s North America claims leader as CCO

Chubb’s North America claims leader has moved to join Bermudian re/insurer  AXIS Capital Holdings as new chief claims officer.

Megan Watt (pictured) joins AXIS in New York with effect from April 12, reporting directly to Vince Tizzio, CEO specialty insurance and reinsurance, and future Group CEO (effective May 4).

In her new role, 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 was most recently head of North America complex claims at Chubb. 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 organisations 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 organisation that is data driven, mindful of operational effectiveness, and customer responsive.”

Watt commented: “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.”

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