People Moves: AXA XL’s Coletti Heads Swiss Re’s New Cyber U/W Team; Zurich Promotes Mantero to Chief Strategy Officer; Everest Names Citigroup’s Modin Pres., Mt. Logan Re

This edition of International People Moves covers appointments at Swiss Re, Zurich Insurance and Everest Re Group subsidiary, Mt. Logan Re.

A summary of these new hires follows.

AXA XL’s Coletti Joins Swiss Re as Head of New Central Cyber U/W Team

Swiss Re announced plans to create a central cyber underwriting team, which will be led by John Coletti 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.

Coletti will join Swiss Re from 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, Coletti will help Swiss Re to address the complex nature of cyber risk, including important industry issues such as ransomware and risk aggregation. 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.

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Zurich Promotes Mantero to Group Chief Strategy Officer

Zurich Insurance Group has appointed, Paolo Mantero, currently chief financial officer Commercial Insurance, to the role of group chief strategy officer, effective Jan. 1, 2022. He will report to Mario Greco, group chief executive officer.

He will oversee all strategy resources globally and further strengthen coordination and collaboration between Group, regional and country offices to help ensure a solid outline and a consistent execution of the strategy. Mantero joined Zurich in 2016 as head of the group CEO office.

A successor to Mantero in his commercial insurance role will be announced in due course.

Mantero succeeds Giovanni Giuliani, who will become chief executive officer of Zurich Italy, reporting to Alison Martin, CEO EMEA & Bank Distribution, subject to regulatory approval. Giuliani has successfully shaped and overseen execution of Zurich’s strategy since 2016, modernizing and simplifying the organization through the launch of numerous innovative initiatives.

With a career spanning 25 years in global business roles, Giuliani brings extensive experience and knowledge to his new role.

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Everest Names Citigroup’s Modin President of Mt. Logan Re as Whiting Retires

Everest Re Group Ltd. announced the appointment of John Modin as president of Mt. Logan Re Ltd., effective Sept. 30, 2021.

Modin joins Mt. Logan from Citigroup where he was a managing director in the financial services group and head of Insurance Solutions. He has over 30 years of experience in the financial services, insurance linked securities (ILS) and insurance markets and earlier in his career was the chief financial officer of PXRE and Enterprise Re, after starting his career as a CPA at KPMG.

Modin succeeds David Whiting, current president of Mt. Logan, who is retiring after a career in the Bermuda reinsurance market spanning nearly 45 years. Whiting will remain with Mt. Logan until the end of 2021 to assist Modin with the transition.

A subsidiary of Everest Re Group, Mt. Logan is a Bermuda-registered Class 3 insurer which offers alternative capital markets the opportunity to gain exposure to a diversified pool of reinsurance risks through collateralized reinsurance products. Mt. Logan has been in operation since 2013 and had approximately $1 billion of assets under management as of June 30, 2021.

Topics Cyber AXA XL