Peak Reinsurance Company (Peak Re) has promoted Matteo Cussigh to the role of Chief Executive Officer (CEO) for its Zurich-based subsidiary, Peak Reinsurance AG (Peak Re AG) and Head of Marketing & Production, Europe, Peak Re.
Cussigh brings over 20 years of experience in both traditional reinsurance and alternative risk solutions to his new role.
Before joining Peak Re AG last year, Cussigh spent ten years at NewRe, with the latest role as Head of Origination & Analytics, Capital Partners. Prior to this, he worked for Aon and Swiss Re.
His appointment follows the retirement of Jacques Burri and Emmanuel Thommen who have been instrumental in the company’s European expansion and the setting up of its Swiss subsidiary.
Franz Josef Hahn, Chief Executive Officer of Peak Re, said: “We expanded to Europe in 2015 and was licensed to write P&C reinsurance business in 2016, marking our strong commitment to European markets.
“With our team in Zurich, we increase proximity to our European-based clients, while our experts in Hong Kong provide underwriting and operational support. This model helps us best deliver on our values of strong customer focus and fast claims settlement. Matteo will be responsible for the continued growth of Peak Re’s European portfolio and further strengthen our relationships with our clients in Europe.”
“Jacques has been key in building Peak Re’s European business since 2015. During his tenure, he and his team have established a strong foundation for our European portfolio and significantly expanded our client reach in this region. On behalf of the entire Peak Re team, I would like to thank Jacques and Emmanuel for their dedication and valuable contributions and wish them all the best in their future endeavours.”