THE ASIA PACIFIC FOCUSED REINSURER ENTERS INTO NEXT PHASE OF GROWTH WITH NEW TEAM OF TALENTS

Peak Reinsurance Company Ltd (Peak Re), the Hong Kong based reinsurer backed by Fosun International Limited and International Finance Corporation, announces four key appointments to strengthen its underwriting and research capabilities in the Asia Pacific region. These new hires are part of Peak Re’s strategic plan to bring world-class reinsurance experience to the region.

Lay-Hui Lim joins Peak Re as Senior Vice President (SVP) of Underwriting and will lead the company’s marine business.

Jasmine Miow is the SVP for the Global Markets. She will utilize her multi-faceted skill set gained in the international reinsurance industry to enhance Peak Re’s client relationships in the region.

Shibo Zhang will oversee the China market as SVP and will focus on strengthening Peak Re’s client coverage in this market, central to Peak Re’s development plans.

Supporting the underwriting team is Arina Tek who is appointed Assistant Vice President, Market Research & Analysis. She will be responsible for developing comprehensive research model in Asia Pacific’s key markets, contributing a rich source of information and analysis for senior management and the underwriting team.

These new appointments boost Peak Re’s underwriting and research capabilities significantly, allowing the company to offer a more diverse range of reinsurance solutions to its clients. Peak Re can now develop marine business in its chosen sectors of cargo and coastal hull, in addition to its initial provision of property and casualty treaty reinsurance.

Since its launch in December 2012, Peak Re has successfully made strong in roads as a trusted reinsurer delivering solutions to address specific emerging market challenges around the region.

It needs a dynamic team to establish a strong brand, hence the Peak Re senior management is steadily building a talented and experienced core team of underwriters, researchers and analysts.

Commenting on the new appointments, Franz Hahn, CEO of Peak Re said: “I am delighted to have these high calibre individuals joining Peak Re. They all come from varied backgrounds and each has a strong track record in their respective fields. I am certain they will make key contributions to our research and underwriting credentials in Asia Pacific. Peak Re is committed in serving the Asia Pacific region and we will continue to strive to be a leader of change in the reinsurance industry.”

Notes to Editors:

With more than 16 years of experience in insurance, Lay-Hui Lim started her insurance career in Singapore in general claims handling. She subsequently ventured into marine underwriting with AXA and has helped major insurers such as Catlin and RSA to develop their marine business in the Hong Kong, Korea, China and Taiwan market.

Jasmine Miow has more than 15 years professional experience in the international reinsurance industry. She is experienced in the field of underwriting, business development, client relationship management and claim management of treaty business for the major markets in Asia, Central Asia and the Middle East. Ms. Miow started her career with Gerling Global Re in Kuala Lumpur, Malaysia and has worked with international reinsurers including Bermuda based MS Frontier Re and Dublin based MS Re.

Shibo Zhang started his reinsurance career in 1994, immediately upon his graduation from university. He has gained solid and rich reinsurance knowledge during his 18 years of experience with People’s Insurance Company of China (PICC), Shumyim Insurance Management & Agents, China International Reinsurance and FP Reinsurance Broker.

Arina Tek has joined Peak Re from A.M. Best Asia-Pacific Ltd. (Hong Kong) where she served as a rating analyst for more than four years, primarily focused on Southeast Asian markets. Her last position was as a Senior Financial Analyst.

About Peak Re

Peak Re is headquartered in Hong Kong with an initial capital base of US$550 million. It is authorized by the Office of the Commissioner of Insurance of Hong Kong to launch its underwriting operations with a territorial scope encompassing Asia Pacific, and rated “A-” by A.M. Best, a leading international insurance industry credit rating agency.

The Company is led by a dynamic team of highly experienced reinsurance professionals with a diverse range of market experience. Founded on time-tested principles and united by a collective determination to embrace the rapid changes in the modern era, the management of the Company believes that Peak Re brings new solutions to the Asia-Pacific reinsurance industry.