Reinsurance News

Peak Re

Peak Re names David Menezes as Deputy Chief Risk Officer

12th May 2022

Hong Kong domiciled reinsurer Peak Re has announced the appointment of David Menezes as Managing Director, Deputy Chief Risk Officer. Menezes, who currently serves as Chief Reserving Actuary at Peak Re, will take over his new position from Eckart Roth, who plans to retire in September after a 30-year career. In this ... Read the full article

Peak Re adds Piotr Nowakowski to P&C business

24th January 2022

Hong Kong domiciled reinsurer Peak Re has appointed Piotr Nowakowski as Director, Head of Product Underwriting for the firm's Property and Casualty (P&C) operation. Effective February 1st, 2022, Nowakowski takes on direct responsibility for the underwriting function, which includes underwriting governance and controls, portfolio management, and product development for Peak Re's ... Read the full article

There’s opportunity to grow in a promising Asian market: Peak Re CEO Hahn

20th October 2021

Despite the impacts of the COVID-19 pandemic, the Asian reinsurance market continues to evolve and the fundamentals are promising and present an opportunity for growth, according to Franz Josef Hahn, Chief Executive Officer (CEO) of Hong Kong domiciled reinsurer, Peak Re. “From an insurance and reinsurance perspective, Asia has been less ... Read the full article

Peak Re profit growth drives higher reinsurance revenues for Fosun in H1

25th August 2021

Fosun International Ltd., the Chinese conglomerate and investment company, has announced a much-improved contribution from its insurance and reinsurance businesses during the first-half of 2021. Overall, the insurance and reinsurance operations at Fosun delivered RMB 15.48 billion (almost US $2.4bn) of revenues in the first-half of this year, achieving a ... Read the full article

Peak Re to acquire remaining 50% stake in NAGICO

28th July 2021

Hong Kong headquartered reinsurer, Peak Reinsurance Company Limited (Peak Re), has agreed to acquire the remaining 50% issued share capital of NAGICO Holdings Limited, a leading Caribbean insurance group. Peak Re acquired a 50% stake in the company back in 2016 and this latest transaction is a natural next step, says ... Read the full article

Peak Re hires Swiss Re’s Karlheinz Render as SVP, Europe

28th June 2021

Peak Reinsurance Company's Zurich-based subsidiary, Peak Reinsurance AG (Peak Re), has appointed Karlheinz Render as Senior Vice President, Europe. Render will be responsible for developing and maintaining client relationships in the region by providing tailored solutions to support clients’ growth aspirations. He succeeds Emmanuel Thommen, former Senior Vice President at Peak Re ... Read the full article

Peak Re names Matteo Cussigh as CEO of Swiss unit

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

Peak Re profits surge in 2020 as premiums up 18%

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

Peak Re appoints Sascha Bruns as Head of Global Retro

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

Peak Re profits surge on top line growth

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

Pandemic widened protection gap in emerging Asia: Peak Re

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

Peak Re names Reynolds & Souter as Co-Heads of P&C as Kershaw departs

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

Peak Re inks largest Lion Rock Re sidecar transaction yet

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

Africa Specialty Risks secures multi-year binder capacity with GIC and Peak Re

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

K2 renews US Cat facilities for 2021

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