Reinsurance News
26th May 2021
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 ... Read the full article
20th May 2021
Peak Reinsurance Company Limited the Hong Kong-based global reinsurer has reported a 150% increase on net profit for 2020 when compared with the previous year. Net profit grew to $87.1 million, from $34.9 million in 2019, helped by a large increase in gross written premiums. GWP in 2020 rose to $1.966 billion, ... Read the full article
17th May 2021
Hong Kong domiciled reinsurer, Peak Reinsurance Company Limited, has announced the addition of Sascha Bruns, previously of Hannover Re, as Director, Global Head of Retrocession, effective September 1st, 2021. In his new role, Bruns will lead the design and implementation of the company's retro strategy for its global Property & Casualty ... Read the full article
31st March 2021
Hong Kong-based reinsurer Peak Re has reported a year-on-year rise in net profit in 2020 to US $90.8 million, on the back of 18.1% growth in gross written premiums. Profit was significantly up from the $35 million that Peak Re reported in 2019, while premium income rose to $1.966 billion, up ... Read the full article
30th March 2021
Clarence Wong, Chief Economist at Hong Kong domiciled reinsurer Peak Re, has asserted that the economic fallout from the COVID-19 pandemic has served to further widen the protection gap in emerging Asian countries. The prevalence of under-insurance and non-insurance in emerging markets is well-documented and exists across various different risks, from ... Read the full article
25th March 2021
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 ... Read the full article
18th February 2021
Hong Kong-based global reinsurer Peak Re has announced the completion of its third successive reinsurance sidecar transaction via Lion Rock Re Ltd, the company’s Bermuda-domiciled Special Purpose Insurer. This latest transaction saw Peak Re successfully raise $107 million. At $107 million, Lion Rock Re III saw investors exceed the $77 million ... Read the full article
15th February 2021
Newly launched Pan-African focused reinsurer, Africa Specialty Risks Group (ASR), has secured additional multi-year binder capacity of up to $25 million per risk via a new partnership with GIC of India and Hong Kong domiciled Peak Re. ASR is now able to offer capacity across Property, Political Risk, Trade Credit, and ... Read the full article
16th November 2020
Specialty insurance and reinsurance underwriting platform K2 International (K2) has announced that Head underwriter David Carson’s team has renewed all three of its US Cat facilities for 2021 with existing carriers. Carriers include Peak Re, Taiping Re and Cathay Century Insurance. This will be the eighth year of underwriting on behalf of ... Read the full article
28th October 2020
Peak Re (BVI) Holding Limited, a wholly-owned subsidiary of Hong Kong domiciled global reinsurance company, Peak Reinsurance Company Limited, has become the first reinsurer based in Hong Kong to issue Public Hybrid Securities. The Peak Re subsidiary has successfully completed the issuance of USD 250 million of perpetual subordinated guaranteed capital ... Read the full article
21st October 2020
Hong Kong domiciled reinsurer Peak Re has announced the appointment of Clarence Wong as its new Chief Economist, effective November 16th, 2020. In his new role, Wong will report directly to Peak Re's Chief Executive Officer (CEO), Franz Josef Hahn. He takes on responsibility for delivering strategic insights on economic, insurance ... Read the full article
16th October 2020
Peak Re Chief Executive Officer Franz Josef Hahn has underlined how the insurance industry must be an integrated part of working towards a better future. In a conversation at one of Aon’s recent fireside chats with industry leaders, Hahn spoke at length about how emerging risks such as cyber and climate ... Read the full article
14th October 2020
After a prolonged soft market state, characterised by fading margins amid low interest rates, elevated catastrophe losses and inadequate rates, the reinsurance industry can expect to see a significant amount of price and condition strengthening, according to Franz Josef Hahn, Chief Executive Officer (CEO) of Hong Kong reinsurer, Peak Re. "Everybody ... Read the full article
23rd September 2020
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 ... Read the full article
16th September 2020
Hong Kong domiciled reinsurer, Peak Reinsurance Company Limited, has announced the appointment of Matteo Cussigh from NewRe as Senior Vice President (SVP) of Markets. Cussigh brings two decades of reinsurance industry service to the role, with experience in both traditional reinsurance and alternative risk tools with brokers and reinsurers. Prior to Peak ... Read the full article
