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PartnerRe Ltd. has recruited former Axis Capital Holdings Ltd. executive Jonathan Colello to head its reinsurance operations in the United States.
The appointment comes one month after PartnerRe announced a reorganization of its units.
Mr. Colello, a long-time Axis executive, was appointed president North America for Axis Re last May.
At PartnerRe, he will be CEO, P&C Americas and president of Partner Reinsurance Co. of the U.S., according to a PartnerRe statement. He will report to Emmanuel Clarke, president and CEO of the Bermuda-based reinsurer, and will lead PartnerRe’s property/casualty business in the U.S., Canada and Latin American and its health reinsurance business in the United States, the statement said.
Meanwhile, Axis announced Monday that it has appointed Andy Hottinger as president of its EMEA LatAm division, covering Europe, the Middle East, Africa and Latin America. Most recently, Mr. Hottinger was head of property EMEA at Axis. He replaces Jan Ekberg, who will retire in July, Bermuda-based Axis said in a statement.
Bermuda-based reinsurer PartnerRe Ltd. lost $132 million in 2018 largely due to large catastrophes including typhoons Jebi and Trami in Japan, hurricanes Florence and Michael and the California wildfires, The Royal Gazette reported. The reinsurer recorded $386 million in catastrophe-related losses.