Mr. Bruns will lead the design and implementation of Peak Re’s retrocession strategy for our global Property & Casualty business. He will be based in Hong Kong, and will report to Franz Josef Hahn, Chief Executive Officer of Peak Re.

“Sascha’s background makes him a great fit for this newly created role,” said Mr. Hahn.

“He has a keen understanding of the traditional covers as well as capital market securitisation. With his network of retrocessionaires, reinsurers, brokers as well as alternative capital providers, I am confident that he will be a great addition to our team and a key contributor to the development of our retro strategy.”

Mr. Bruns was previously Senior Underwriter & Deputy to the Head of Group Protections at Hannover Re, a company he joined almost two decades ago and had held positions of increasing seniority.

He has broad experience in analysing, structuring, placing and administrating natural catastrophe retrocessions programs, and is a Fellow member of the Chartered Insurance Institute.

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Franz Josef Hahn

Peak Reinsurance Company Limited (Peak Re), a Hong Kong-based global reinsurer, is delighted to announce that Franz Josef Hahn has won the ‘Reinsurance CEO of the Year’ accolade at the Reactions London Markets Awards 2020.

The prestigious award recognises “a CEO who led a successful and highly regarded reinsurer during calendar year 2019. [The winner] exhibits strong leadership skills and decision-making that has inspired, among other things, positive underwriting results, improved financial performance, business growth and exceptional service to its insurer clients.”

Peak Re is one of the three finalists for the “Reinsurer of the Year” title at the same awards.

Mr. Hahn said, “I am deeply honoured to be recognised by the esteemed panel of judges for our achievements. The driving force behind this success is the unwavering commitment and dedication of our team. It’s on their behalf that I am accepting this award. Since Peak Re’s foundation in 2012, we have taken a fundamentally different approach to reinsurance in contributing to the sustainable development of our industry and helping society to prosper by protecting more people under the umbrella of insurance.”

He continued, “Our success has proven us right. Peak Re has grown to become a global company with a footprint that reaches well beyond our Asian home-base to Europe and the Americas, serving close to 600 insurance clients in more than 70 countries. Today, the company’s total assets extend well beyond US$ 4.4 billion while our premiums exceeded US$1.7 billion in 2019. Going forward, we will continue to build the company to contribute to further closing the insurance protection gap in Asia and beyond. Peak Re deploys innovative solutions, like the use of alternative capital and technology, and our market and product expertise to cater to the changing needs of our communities and in particular the growing middle class in our region.”

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Franz Josef Hahn

Peak Re named “Asian Reinsurer of the Year” fourth time in a row Hong Kong, 17 July 2019 – Peak Reinsurance Company Limited (“Peak Re”), a Hong Kong-based global reinsurer, is pleased to announce that it has won the “Asian Reinsurer of the Year” award at the Asian Banking and Finance Insurance Asia Awards 2019.

This is the fourth consecutive time that Peak Re has won the accolade. Organised by the Asian Banking and Finance magazine, the award is one of the most prestigious awards in the (re)insurance industry.

“We’re honoured to be recognised as the best reinsurer in Asia for the fourth consecutive year. This is strong testament to our achievements in the past years, and a motivation for everyone at Peak Re to continue to work towards a better future for the emerging middle class society in Asia and around the globe,” said Franz Josef Hahn, Chief Executive Officer of Peak Re.

As the only privately owned Hong Kong-based global reinsurer, Peak Re has achieved significant results since its foundation in 2012. It has grown from a start-up to become a global company, with a footprint that reaches beyond Asia to Europe and Americas. The company’s premiums now exceed US$1.38 billion.

“We thank our colleagues at Peak Re, who have worked hard together in building a strong company with a culture that embraces entrepreneurship, agility and insights. These are the values that we believe make Peak Re stand out in the industry,” said Mr. Hahn.

2018 was a defining year for Peak Re. It launched the first sidecar transaction in Asia and initiated the first trade credit ecosystem in Pakistan that allows cedants to access high-quality information and Peak Re’s professional advice and consultation. It also maintained its unmatched record of paying more than 90% of claims in less than five days.

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David Cabral

Peak Reinsurance Company Limited (“Peak Re”), a Hong Kong-based global reinsurer, has developed a unique multiple cancer benefits reinsurance solutions for Vietnam. It is part of the Company’s strategy to support the evolving needs of the emerging middle class and address the protection gaps in emerging Asia.

“Cancer Multi-Pay” is a multi-protection policy that provides comprehensive coverage for different types and stages of cancer. It does not only allow multiple pay-outs for policyholders but also provides supplementary treatment benefits to help them go through difficult times.

More importantly, Cancer Multi-Pay embraces a simplified underwriting process and creates a seamless purchase experience. It precludes lengthy and expensive medical examinations in policy applications, and instead relies on three simple questions for underwriting assessment.

“The emerging middle class is the main underserved population by both the social welfare system and insurers. Cancer Multi-Pay is the latest example of how Peak Re endeavours to alleviate the financial difficulties of the emerging middle class in case of an adverse health event, thereby protecting not only their health needs but also their financial security,” said David V. Cabral, Chief Operating Officer of Peak Re.

The solution, developed in collaboration with Peak Re’s strategic partner and in response to the demographic profile and risk factors of Vietnam, also empowers local insurance companies with the ability to address the growing needs for better health protections, and tap into new opportunities.

“I’m happy to see that we take real actions to support the growth and prosperity of emerging markets by mitigating risks and providing peace of mind. This solution embodies Peak Re’s commitment to acting agile and collaborating with our clients to identify growth opportunities,” said Franz Josef Hahn, Chief Executive Officer of Peak Re.

Health protection gap has become one of the highly concerned issues in emerging countries. The Geneva Association, an international think tank for strategically important insurance and risk management issues, estimates that the annualised health protection gap for all emerging markets is as high as around USD 310 billion, or 1% of these countries’ combined GDP*. The innovative initiatives from the private sector remains a meaningful tool to address the health protection gap.

Peak Re plans to offer more solutions that boost affordable and simple insurance products in Asia. Beyond Vietnam, Peak Re is also actively engaging in developing customised solutions for different protection needs in other Asian markets, including China, India, Thailand, the Philippines and Cambodia.

*Source: Healthcare in Emerging Markets: Exploring the Protection Gaps, The Geneva Association

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Founded in 1973, the Association has the mission to develop and promote a wider understanding on the unique role and importance of insurance in economies and for societies through publications, conferences and active discourse with policymakers, regulators and other key constituents.

Its membership is made up of leaders of top (re)insurance companies around the world. “I am excited about supporting The Geneva Association as a member.

Its distinct mission resonates well with Peak Re’s commitment to narrowing protection gaps, especially in the developing and emerging markets of Asia,” said Mr Hahn.

“I look forward to offering my perspective derived from my 30 years in the region and leading one of the fastest growing global reinsurance firms.

The Geneva Association is an ideal platform to raise awareness among insurance leaders and key political decision-makers from around the world as well as to combine research with impact, for the benefit of the underserved and unserved segments of the population,” added Mr Hahn.

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Mr. Roder was one of the co-founders of Peak Reinsurance Company Limited. He has substantial experience in strategy, regulatory matters, finance, capital markets and transactions with a focus on financial services sector. Mr. Roder has over 20 years of experience in dealing with global companies and in-depth working experience across Asia markets. He held several senior positions at Manulife, AIA and KPMG in his career life.

The Appointment is a replacement of the resignation of Mr. Gong Zhiqi as an INED, member of various Board Committees on 1 May 2018.

Mr. Franz Josef Hahn, Chief Executive Officer of Peak Re, said: “On behalf of the Board, I would like to express my sincere thanks to Mr. Gong who made a great contribution to Peak Re as an INED during his tenure of service at the Board.

At the same time, I am delighted to welcome Steve joining Peak Re and becoming an INED and member of our various Board Committees. Mr. Roder possesses extensive experience in Asia and the insurance industry. I am confident that his presence on the Board will be invaluable as we continue to focus on modernising reinsurance and being one of the most valued reinsurance partners to our clients and stakeholders.”

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