Hong Kong domiciled reinsurer, Peak Reinsurance Company Limited, has announced that Iain Reynolds and Andy Souter will serve as Co-Heads of its P&C operation following the departure of Chris Kershaw, Managing Director, Global Markets and Co-Head of P&C.
After more than eight years of service, Kershaw leaves Peak Re on April 2nd, 2021, and will take on an advisory role at the company after his departure.
Reynolds, who alongside Souter takes on the Co-Head of P&C role from April 1st, 2021, currently serves as Director, Head of Analytics at Peak Re, a role he has held since 2016. He brings more than two decades of experience in international reinsurance to the role, with a specialist focus on catastrophe risk analysis and transfer.
Souter joined the reinsurer in November of last year from his role as Head of Capital for an MGA in London. Previously, he served as Head of APAC in London for a major reinsurance broker.
Franz Josef Hahn, Chief Executive Officer (CEO) at Peak Re, commented: “On behalf of my colleagues and the management team, I would like to thank Chris for his contribution, commitment and leadership over the past years.
“Being one of the early founding members of Peak Re, Chris has been a key member in building the company with his strategic views and insights. Chris is well respected by our clients and business partners, I am delighted that he will take on an advisory role at Peak Re after his retirement.
“In announcing these appointments, we demonstrate the breadth of experience we have, which will serve to drive our business in the future. Together, Iain and Andy will lead the development of our global P&C reinsurance business, to carry forward the high service levels, innovation and culture for which Peak Re has become known.”