Peak Re appoints Chief Risk Officer to strengthen corporate risk management
Peak Reinsurance Company Ltd (“Peak Re”), the Hong Kong based global reinsurer, is pleased to announce that Mr. Eckart Roth will assume the role as Chief Risk Officer with effect from 1 July 2015.
Mr. Roth is a seasoned reinsurance professional with more than 23 years of experience in the regional and international reinsurance markets and a proven track record in building and implementing comprehensive risk management systems during his previous experience with global reinsurers.
Mr. Roth was instrumental in founding Peak Re together with Chief Executive Officer, Franz Josef Hahn. During the past 30 months, Mr. Roth has successfully built a strong team of property & casualty underwriting and analytics professionals and has laid the foundation of Peak Re’s outstanding risk management.
Commenting on this appointment, Mr. Hahn said: “Eckart is very knowledgable in risk management. With his wealth of experience in this area, together with his deep understanding of our culture, business direction, underwriting principles and operational procedures, he is the perfect candidate for this role. I am very pleased to have him as our Chief Risk Officer and I am confident that he will further enhance Peak Re’s state-of-the-art risk management practices to meet with rising international standard and requirements.”
Mr. Roth added: “I am glad to be able to build a strong underwriting team and deliver positive underwriting results since the start of Peak Re. The company has now reached a size and complexity that it is also essential for Peak Re have an effective and robust enterprise risk management to support their rapid development. I am excited to contribute to the continued success of Peak Re in my new role.”
Peak Re is yet to appoint a replacement to oversee the underwriting function and Mr. Hahn will assume the additional responsibility in the interim. Peak Re’s strong and professional underwriting team will continue to provide the attentive and speedy service to our clients to ensure no impact on our day-to-day operation.
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 and is rated “A-” by A.M. Best, a leading international insurance industry credit rating agency.
The Company is backed by Fosun International Limited (HK.656) and the International Finance Corporation, member of the World Bank Group, who have respectively invested 85.1% and 14.9% in the Company.
Peak Re offers reinsurance treaty services covering a range of lines across Asia Pacific region, EMEA and the Americas, tailor-making risk transfer and capital management vehicles to best fit clients’ needs.