This edition of International People Moves details appointments at Everest Group and AXA XL.
A summary of these new hires follows here.
Everest Appoints Busti From AXIS as Head of North America Treaty Reinsurance
Everest Group Ltd., the Bermuda-based specialty re/insurer, announced the appointment of Jason Busti as head of North America Treaty Reinsurance to lead the division’s treaty reinsurance business across the United States, Bermuda, and Canada.
He will report to Jill Beggs, executive vice president and CEO of Reinsurance, and will serve as a key member of her leadership team.
Prior to joining Everest, Busti served as president of North America at AXIS Re, where he led treaty reinsurance operations across the United States, Bermuda, and Canada.
Earlier in his career, he spent more than 20 years at Swiss Re, holding a range of senior leadership roles including managing director, client executive, responsible for leading Client Management and Broker Market Underwriting Teams driving profitable growth across global client portfolios.
Busti earned a master’s degree in finance and international business and a bachelor’s degree in finance from Iona College.
***
AXA XL Taps Lockton’s Reynolds as Head of Marine, UK & Lloyd’s, Global CUO for Hull
AXA XL has appointed Michael Reynolds as head of Marine, UK & Lloyd’s, and global chief underwriting officer for Hull. Based in London, he starts his role in the third quarter of 2026.
Reynolds will be responsible for developing, executing and managing the underwriting strategy for the UK & Lloyd’s marine business as well as setting and overseeing the strategy for the global hull book of business.
Reynolds has over 40 years London market experience in both underwriting and broking roles. He joins AXA XL from Lockton where he was partner, head of Marine for London and member of the Global Marine Executive. Prior to Lockton he was deputy head of Marine at Chubb. He has also held roles at ACE, The Navigators Group, Cigna and Commercial Union.
“Michael is an experienced leader, with technical acumen and the strategic and operational skills to ensure thoughtful and profitable growth across our marine business. He is very well thought of in the market, we look forward to him joining and further enhancing the high-quality products and services we offer to clients and brokers,” commented Louise Nevill, chief underwriting officer, Specialty, UK & Lloyd’s, at AXA XL.
“The International Union of Marine Insurance Stats Report for 2025 valued hull premiums at US$9.67 billion in 2024, up by 3.5% on the previous year continuing an unbroken growth trend since 2021. However, it isn’t without its challenging dynamics, ranging from larger vessel sizes, the transition to net-zero and exposure to high-risk zones,” according to Neil Cole, global CUO, Marine at AXA XL. “Mike’s experience positions him well to ensure our global hull products align to our clients changing needs.”
Topics
Excess Surplus
Lloyd’s
AXA XL
Interested in Excess Surplus?
Get automatic alerts for this topic.
