Peak Re appoints Christopher Lee as Head of Life & Health
Peak Reinsurance Company Ltd (“Peak Re” or “the Company”), the Hong Kong-based global reinsurer, is pleased to announce the appointment of Mr. Christopher Lee as Head of Life & Health, overseeing the Company’s life and health, including medical, reinsurance business. He will succeed Ms. Angela Koechli, who is leaving the Company to pursue other interests.
Franz-Josef Hahn, Chief Executive Officer of Peak Re, said: “Christopher is an experienced industry professional with an impressive track record in life and health reinsurance business. With his wealth of experience and knowledge, I am confident that Christopher will further strengthen our life and health book and broaden Peak Re’s long-term reinsurance offerings for our clients.”
Mr. Lee has 27 years of Life & Health insurance & reinsurance experience with an intimate understanding of the South East Asia markets. Prior to joining Peak Re, he was the Head of Client Markets for Southeast Asia at Swiss Re, accountable for new business acquisition and retention of clients. Before that, Mr. Lee spent four years with Allianz SE Reinsurance, where he was responsible for the South East Asia, Hong Kong, Taiwan and China markets.
In the early stage of his career, Mr. Lee spent 15 years in two of the largest life insurers in Asia, AIA & Prudential plc. He acquired extensive experience across the entire insurance operations, specifically in financial reporting, actuarial, pricing, underwriting, insurance operations (new business & policy servicing), marketing and product development.
Mr. Lee holds a bachelor degree in Actuarial Science & Computer Science from the University of Calgary, Canada. He is also an Associate of the Society of Actuaries, U.S.A.
Commenting on Angela Koechli´s departure, Mr. Hahn said: “Angela has played an important role in laying the foundation of our life and health reinsurance business and structure. On behalf of the Company, I would like to express our gratitude to Angela for her contribution in building up and leading our life and health business. I wish her all the success in her future endeavours.”
Peak Re obtained its long-term reinsurance business licence in mid-2014. Since then, its life reinsurance business has grown steadily. As at the end of 2015, the Company wrote US$76.5 million of life reinsurance business which accounted for 13% of its total portfolio.
About Peak Re
Peak Re is headquartered in Hong Kong with shareholder equity of USD911.6 million as of 31 December 2017. It is authorised by the Insurance Authority of Hong Kong and is rated “A-” by A.M. Best, a leading international insurance industry credit rating agency. Fosun International Limited (00656.HK) (“Fosun”) and Prudential Financial, Inc. (“PFI”) hold 86.9% and 13.1% of Peak Re via Peak Re Holdings, respectively. Peak Re offers reinsurance services covering a range of lines across Asia Pacific, EMEA and the Americas, tailor-making risk transfer and capital management solutions to best fit clients’ needs.