Peak Re Appoints David V. Cabral as Chief Operating Officer
Peak Reinsurance Company Limited (“Peak Re”), a global reinsurer based in Hong Kong, announces today the appointment of Mr. David V. Cabral as Chief Operating Officer with effect from 8 October 2018.
Mr. Cabral is a seasoned reinsurance professional with more than 35 years of global (re)insurance experience, working in diverse markets in start-up environments and successfully building up organisations from scratch.
He founded a (re)insurance advisory firm which provided an extensive range of advisory services from strategy to new product development for (re)insurance companies and insurtech start-ups across multiple geographies.
Prior to his advisory role, Mr. Cabral was a founding member of a start-up reinsurance company where he created and managed multiple underwriting functions and supported the company’s operational activities. His additional experience in Bermuda and U.S. includes the management of claims, risk management, underwriting, operations and technology transformation. He holds a Bachelor’s degree from the University of London. He is also a member of the Pan-Asia Risk & Insurance Management Association (PARIMA).
Reporting to the CEO, Mr. Cabral is a C-suite member with leadership responsibilities in business processes integration, achieving operational efficiency and driving Peak Re’s technology strategy development, which are all very crucial elements in supporting the company’s continuous growth.
Mr. Franz Josef Hahn, Chief Executive Officer of Peak Re, said: “David is an exceptional reinsurance industry leader, and I am very excited to welcome him to Peak Re. I am convinced that his appointment will make Peak Re an even stronger organisation for improved stakeholder experience. I am confident that we will benefit from his experience and expertise.”
Mr. Cabral added: “I am honoured to be joining Peak Re, a company I have long admired and which has demonstrated an outstanding achievement as a solid reinsurer in the past five years. I am looking forward to working with Peak Re’s dynamic, young and agile team and to make a contribution so that the company is seen as the most valued reinsurance brand to our clients and stakeholders.”
About Peak Re
Peak Re is headquartered in Hong Kong with shareholder equity of USD1.02 billion as of 30 June 2018. 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. 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.