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Axis Re taps former Swiss Re exec as North America head

Posted On: Aug. 1, 2019 10:32 AM CST

Jason Busti

Axis Re, the reinsurance business segment of Axis Capital Holdings Ltd., Pembroke, Bermuda, has named Jason Busti president of North America, the company said Thursday.

Mr. Busti joins Axis Re from Swiss Re Ltd., where he most recently was managing director and client executive, Axis Re said in a statement. He succeeds John Colello, who joined PartnerRe Ltd. in April.

Mr. Busti will oversee Axis Re’s North America treaty reinsurance business, which includes the United States, Bermuda and Canadian markets, the statement said

Based in New York, he will be a member of the reinsurance leadership team and will report to Axis Re CEO Steve Arora, the statement said.

Additionally, Roman Romeo has assumed the role of head of property for Bermuda, Axis Re said in a statement.