Hamilton Insurance Group’s reinsurance and insurance platform in Bermuda will soon be led by newly appointed Hamilton Re chief executive Megan Thomas, whose anticipated start date will be in October pending requisite immigration and regulatory approvals.

Currently based in the US, Thomas is making the switch from AXIS Capital where she was reinsurance chief underwriting officer from May 2018. The incoming CEO, who has been admitted to the Bar in New York and in Queensland, began her career in the Australian insurance and financial services market.

“We’re really looking forward to welcoming Megan to the Hamilton team,” said group chief executive Pina Albo. “The breadth and depth of her underwriting experience across multiple lines of business on a global basis, as well as her strong leadership and relationships with clients and brokers, will help us to leverage the many opportunities we are seeing in today’s hardening market.”

Thomas’s industry experience spans two decades and includes years spent at AIG in Bermuda and New York.

Albo went on to comment: “We are indeed fortunate to have found Megan at this exciting stage of building a global specialty insurance and reinsurance franchise. Her discussions with members of our board and our executive team confirmed to all of us not only that Megan has what it takes to assist Hamilton in capitalising on the market’s potential, but also that she’ll be a great fit for our company.”

Meanwhile, on LinkedIn, Thomas expressed gratitude for the opportunity, adding that she looks forward to her return to the British island territory.