Global reinsurer Swiss Re is set to create a central cyber underwriting team, led by AXA XL’s John Coletti, that will assume responsibility for group’s product development and underwriting activities in the space.
Coletti will join Swiss Re as Head of Global Cyber in early October and previously served as the Chief Underwriting Officer for Cyber at AXA XL since 2012.
He will report to Gregory Schiffer, Head of Global Specialty, and will be responsible for Swiss Re’s global cyber business, which includes portfolio ownership, global underwriting activities as well as cyber product development.
Maya Bundt, the current Head of Cyber Solutions, has decided to take on a newly created role at the 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,” said Schiffer.
“At the same time, I would like to thank Maya Bundt for her leadership, and the innovation and successes that have already been achieved in our cyber business.“
