Peak Re names new chief executive

Peak Reinsurance Company (Peak Re) has announced a enactment alteration arsenic it prepares for its adjacent signifier of enlargement successful Asia-Pacific and different markets.

Victor Kuk has been selected arsenic the adjacent CEO, with his assignment scheduled to instrumentality effect connected 20 April 2026, taxable to regulatory approval.

The Hong Kong-based reinsurance company’s co-founder and existent main executive, Franz-Josef Hahn, volition measurement distant from day-to-day enactment aft much than 10 years successful the role.

He is owed to determination into a peculiar advisor position, wherever helium volition proceed providing oversight done to 9 October 2026.

Kuk joins from Swiss Re, wherever helium was CEO of Swiss Re Asia and headed the spot and casualty reinsurance marketplace unit.

His erstwhile elder positions see determination CEO astatine AXA Asia General Insurance and main hazard serviceman astatine QBE Asia-Pacific and Latin America.

Peak Re committee president Vincent Li said: “On behalf of the board, we sincerely convey Franz for his visionary enactment and dedication that person been cardinal to Peak Re’s occurrence successful becoming a globally respected reinsurer.

“We warmly invited Victor Kuk arsenic CEO; his exceptional enactment and acquisition volition usher the institution into its adjacent chapter, accelerating profitable maturation and planetary diversification.”

The CEO succession follows different senior-level updates announced by the radical recently.

Last month, Peak Re said Tang Yan and Dan Joseph Knipe had been appointed to its Board of Directors. Tang’s inheritance includes ineligible and hazard absorption work.

She is main hazard serviceman of the Fosun Banking and Insurance Committee and co-general manager of the ineligible section astatine Fosun International, the company’s bulk shareholder.

Knipe, an actuary, has much than 25 years’ acquisition crossed security and fiscal services.

Peak Re has besides confirmed that Philip Hough volition articulation arsenic main underwriting serviceman connected 2 April 2026.

He volition beryllium liable for the company’s spot and casualty underwriting attack and related concern processes including hazard selection, portfolio enactment and merchandise development.

In January, Peak Re reported it had secured investments by funds managed by KKR and Quadrantis Capital. Financial presumption were not provided.

The reinsurer stated that, aft regulatory clearances and different closing conditions were met, KKR and Quadrantis Capital held astir 11.27% and 1.80% of Peak Re’s issued stock capital, respectively.

Fosun International, done its holding entity, retained astir 86.71%.

"Peak Re names caller main executive" was primitively created and published by Life Insurance International, a GlobalData owned brand.