By Mauro Orru

Swiss Re AG has appointed John Coletti as head of global cyber, a position he will take up in early October as he joins the company from AXA XL, AXA SA's property and casualty and specialty risk division.

The Swiss reinsurer said Mr. Coletti's appointment is part of plans to create a central cyber underwriting team that will assume global responsibility for Swiss Re's underwriting and product development activities.

The announcement comes after Maya Bundt, the current head of cyber solutions, decided to take on a newly created role at Swiss Re Institute's Cyber Centre of Competence.

"With John Coletti, we have been able to attract another experienced leader in the cyber insurance market," Swiss Re's Head of Global Specialty Gregory Schiffer said.

Mr. Coletti has served as chief underwriting officer for cyber at AXA XL since 2012.

He will be responsible for Swiss Re's global cyber business, including portfolio ownership, global underwriting activities as well as cyber product development.

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

(END) Dow Jones Newswires

September 02, 2021 10:31 ET (14:31 GMT)

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