Hong Kong domiciled reinsurer, Peak Reinsurance Company Limited (Peak Re), has named Andrew Souter as its Director of Markets, effective early November 2020.
In his new role, Souter will take oversight of the clients’ portfolio in Global Markets and will be responsible for developing Peak Re’s Property & Casualty (P&C) reinsurance operation.
Souter brings 18 years of finance industry experience to the role, during which he has worked closely with global insurers as well as Japanese and Asia-Pacific re/insurers, with extensive experience across the full capital spectrum and a strong track record in leveraging both traditional reinsurance capacity and insurance-linked securities (ILS) capacity.
He joins the reinsurer from Pioneer Underwriters / Syndicate 1980, where he served as Head of Capital and a member of the executive management team, responsible for capital raising, including outwards reinsurance. Previously, Souter worked at reinsurance broker Willis Re for a decade, where he was concurrently Head of London APAC team and Head of ILS Practice Group for the International Division.
Franz Josef Hahn, Chief Executive Officer (CEO) of Peak Re, commented: “We are excited to have Andrew joining us. His extensive experience working with the capital markets and strong client relationships with global insurers will strengthen our ILS capabilities and will help us to continue to bring unique and innovative (re)insurance solutions to both our customers and investors as we expand further as an organisation.”