Peak Reinsurance Firm (Peak Re) has introduced a management change because it prepares for its subsequent stage of growth in Asia-Pacific and different markets.
Victor Kuk has been chosen as the following CEO, together with his appointment scheduled to take impact on 20 April 2026, topic to regulatory approval.
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The Hong Kong-based reinsurance firm’s co-founder and present chief government, Franz-Josef Hahn, will step away from day-to-day management after greater than ten years within the function.
He is because of transfer right into a particular adviser place, the place he’ll proceed offering oversight by to 9 October 2026.
Kuk joins from Swiss Re, the place he was CEO of Swiss Re Asia and headed the property and casualty reinsurance market unit.
His earlier senior positions embrace regional CEO at AXA Asia Basic Insurance coverage and chief threat officer at QBE Asia-Pacific and Latin America.
Peak Re board chairman Vincent Li stated: “On behalf of the board, we sincerely thank Franz for his visionary management and dedication which have been central to Peak Re’s success in turning into a globally revered reinsurer.
“We warmly welcome Victor Kuk as CEO; his distinctive management and expertise will information the corporate into its subsequent chapter, accelerating worthwhile progress and world diversification.”
The CEO succession follows different senior-level updates introduced by the group not too long ago.
Final month, Peak Re stated Tang Yan and Dan Joseph Knipe had been appointed to its Board of Administrators. Tang’s background contains authorized and threat administration work.
She is chief threat officer of the Fosun Banking and Insurance coverage Committee and co-general supervisor of the authorized division at Fosun Worldwide, the corporate’s majority shareholder.
Knipe, an actuary, has greater than 25 years’ expertise throughout insurance coverage and monetary providers.
Peak Re has additionally confirmed that Philip Hough will be part of as chief underwriting officer on 2 April 2026.
He can be answerable for the corporate’s property and casualty underwriting method and associated enterprise processes together with threat choice, portfolio work and product improvement.
In January, Peak Re reported it had secured investments by funds managed by KKR and Quadrantis Capital. Monetary phrases weren’t supplied.
The reinsurer said that, after regulatory clearances and different closing circumstances had been met, KKR and Quadrantis Capital held round 11.27% and 1.80% of Peak Re’s issued share capital, respectively.
Fosun Worldwide, by its holding entity, retained roughly 86.71%.
