EQS Group-News: Swiss Re Ltd
/ Key word(s): Personnel/Restructure of Company
02.09.2021 / 16:00
Zurich, 2 September 2021 - Swiss Re today announced plans to create a central cyber underwriting team. John Coletti will join Swiss Re as Head of Global Cyber. 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.
The central cyber underwriting team will assume global responsibility for Swiss Re's underwriting and product development activities in the cyber space. By creating more dedicated cyber capabilities, Swiss Re aims to further strengthen its client offering as well as its position as a thought leader in the market.
John Coletti will join Swiss Re as Head of Global Cyber in early October. He is joining from AXA XL, where he has served as the Chief Underwriting Officer for Cyber since 2012. He is a respected leader in the cyber insurance market and was one of the pioneers in this dynamic line of business. With his expertise, John Coletti will help Swiss Re to address the complex nature of cyber risk, including important industry issues such as ransomware and risk aggregation. John Coletti will report into 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.
Swiss Re's Head of Global Specialty Gregory Schiffer said: 'With John Coletti, we have been able to attract another experienced leader in the cyber insurance market. 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.'
For further information please contact Swiss Re Media Relations: + 41 (0)43 285 7171 or Media_Relations@Swissre.com.
Please use this link to access the Swiss Re website.
The Swiss Re Group is one of the world's leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. It anticipates and manages risk - from natural catastrophes to climate change, from ageing populations to cyber crime. The aim of the Swiss Re Group is to enable society to thrive and progress, creating new opportunities and solutions for its clients. Headquartered in Zurich, Switzerland, where it was founded in 1863, the Swiss Re Group operates through a network of around 80 offices globally.
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Certain statements and illustrations contained herein are forward-looking. These statements (including as to plans, objectives, targets, and trends) and illustrations provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to a historical fact or current fact. Further information on forward looking statements can be found in the Legal Notice section of Swiss Re's website.