Peak Re appoints Head of Europe to strengthen European operation
Peak Reinsurance Company Ltd (“Peak Re”), the Hong Kong-based global reinsurer, is pleased to announce the appointment of Jacques Burri as Head of Europe with effect from 12 September 2015. Mr. Burri will report to Chris Kershaw, Managing Director – Global Markets.
With the appointment of Jacques Burri, Peak Re further strengthens its global expansion. As Head of Europe, Mr. Burri will be based in Zurich with a focus on the development of the company’s client relationships and book of business in Europe, in conjunction with Peak Re headquarters in Hong Kong. Mr. Burri will also head Peak Re’s representative office in Zurich which is targeted to open in late 2015.
Mr. Burri is an industry veteran with more than 30 year of experience. Prior to joining Peak Re, he was the Reinsurance Manager Europe at Zurich Insurance Group in charge of the group’s European as well as specialty reinsurance placements. Before that, Mr. Burri served at Swiss Re for almost 24 years in various roles, including developing and leading the French market.
Commenting on the appointment, Franz Josef Hahn, Chief Executive Officer of Peak Re, said: “Peak Re is dedicated to providing speedy and attentive reinsurance solutions on a multi-line and long term basis to our clients in the markets we work with. Because we listen and have the courage to deliver, Peak Re was able to expand our footprint in the European market in a relatively short period of time. Jacques’s appointment is another testimony to our commitment to the European market. Jacques has extensive knowledge of building successful client relationships and I look forward to his success in leading and managing our European operation out of Zurich. ”
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 solutions to best fit clients’ needs.