Peak Re appoints Greg Solomon as Head of Life & Health
Peak Reinsurance Company Limited (“Peak Re”), a Hong Kong-based global reinsurer, is pleased to announce that Greg Solomon will join the company as Managing Director and Head of Life & Health, effective 1 November 2019. Together with Peak Re’s existing team, Mr Solomon will lead the expansion of the company’s Life & Health book.
“We welcome Greg to our team,” says Franz Josef Hahn, Chief Executive Officer of Peak Re. “Our clients will greatly benefit from Greg’s long-standing and deep experience in life & health. Having worked and led teams in many of the world’s leading life & health reinsurance markets, Greg joins us at an exciting point in time. Emerging Asia’s growing middle-class populations expect significant improvements in the scope and quality of their health protection. Similarly in life, demand for risk-oriented life insurance products is soaring, providing new opportunities to insurers and reinsurers alike.”
“I am delighted to join Peak Re,” comments Mr Solomon. “Since its foundation, Peak Re has come to be recognised as one of Asia’s most dynamic and innovative reinsurance players, with an amazing growth story. In particular in Asia’s buoyant life & health markets the company has demonstrated its ambition to contribute to closing the still-enormous protection gap through both pragmatic and innovative reinsurance solutions.”
Mr Solomon, who will be based in Hong Kong, joins Peak Re from Willis Towers Watson where he was in charge of Life & Health Reinsurance Broking for all of Willis Re International since 2014. Previously, Mr Solomon was with Swiss Re where he spent more than 20 years in various senior market functions based in South Africa, Israel, the UK and Hong Kong.
About Peak Re
Peak Reinsurance Company Limited (“Peak Re” or “the Company”), authorised by the Insurance Authority of Hong Kong, is the only privately owned global reinsurance company headquartered in Hong Kong. It is also one of the few locally established reinsurance companies in Asia Pacific, underwriting both life and non-life reinsurance business.
With a shareholder equity of over US$1 billion as of 30 June 2019, it enjoys an “A-” rating by A.M. Best, a leading international insurance industry credit rating agency, and ranks among the top 34 global reinsurance groups in terms of gross written premiums*.
Peak Re strives to provide innovative and forward-looking reinsurance services for customers in the Asia Pacific, Europe, Middle East and Africa and the Americas. It tailors risk transfer and capital management solutions to best fit clients’ needs.
Fosun International Limited (00656.HK) and Prudential Financial, Inc. hold approximately 87% and 13% of Peak Re via Peak Reinsurance Holdings Limited, respectively.
* Source: A.M. Best Top 50 Global Reinsurance Groups 2019
