Axis Re, the reinsurance business segment of Bermudian-based Axis Capital Holdings Ltd, has hired the former chief executive officer of Tokio Millennium Re’s UK business to take the newly created position of chief pricing actuary, effective April 20.

In his new role, Mark Julian will oversee Axis Re’s actuarial pricing and catastrophe modelling teams, which have been combined into a new reinsurance pricing operational division. Mr Julian will be based in the Axis’s London office and will be a member of the Reinsurance Leadership Team. He will report to Axis Re CEO Steve Arora.

“Mark is an accomplished reinsurance leader, possessing both breadth in experience and depth in the actuarial and catastrophe modelling functions,” said Mr Arora. “His technical leadership will make us stronger, and I am excited about the elevation of this function within our organisation.”

At Tokio Millennium Re, Mr Julian was most recently CEO and head of branch for its UK business. Previously, he served as group head of pricing, leading a global team of 45 pricing actuaries and catastrophe modellers, and prior to that he was the company’s UK chief actuary and chief risk officer. Mr Julian joined TMR from SVB/Novae where he was deputy group actuary. He began his P & C re/insurance career as an actuary at PwC and Equitas.