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BMS plans to expand into the retro sector but will avoid being drawn into bidding "frenzy".
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The executive will report to Hyperion X Analytics managing director David Flandro.
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Axe will serve as a UK-based senior advisor aimed at helping the InsurTech start-up grow.
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Aon’s former head of international catastrophe management will take up the position next September.
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The Zurich-based Munich Re subsidiary replaces Renate Strasser.
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Chris Dittman will add the new title to his existing role as chief risk officer.
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The former Liberty executive’s long-term ambition is to build a tech-enabled, London-based risk carrier to align with the Future at Lloyd’s vision.
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The experienced executive spent a decade in Asia Pacific and ILS roles at Willis Re.
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Nicholas Hughes will become retro head, while Guy Hengesbaugh and Aaron Coates join as underwriters.
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ILS veteran Kathleen Faries also advocated for an industry superhighway to transform the way risk is moved.
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The underwriter has over two decades of experience and worked in origination and analytics at NewRe.
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Magnani became vice president, based in London, in September.