Peak Re Appoints Matteo Cussigh as CEO for Its Subsidiary in Switzerland

Hong Kong, 26 May 2021 – Peak Reinsurance Company Limited (“Peak Re”), the Hong Kong-based global reinsurer, today announced the appointment of Matteo Cussigh to the role of CEO for its wholly-owned subsidiary Peak Reinsurance AG (“Peak Re AG”), and Head of Marketing & Production, Europe, Peak Re. At the same time, Peak Re announced the retirement of Jacques Burri and Emmanuel Thommen who have been instrumental in the company’s European expansion and the setting up of its Swiss subsidiary.

Mr. Cussigh has been active in the reinsurance industry for over two decades, enjoying an excellent reputation in the European markets. He has extensive experience in both traditional reinsurance and alternative risk solutions. Before joining Peak Re AG in 2020, Mr. Cussigh spent ten years at NewRe, with the latest role as Head of Origination & Analytics, Capital Partners. Previously, Mr. Cussigh worked for Aon and Swiss Re.

Franz Josef Hahn, Chief Executive Officer of Peak Re, said, “We expanded to Europe in 2015 and was licensed to write P&C reinsurance business in 2016, marking our strong commitment to European markets. With our team in Zurich, we increase proximity to our European-based clients, while our experts in Hong Kong provide underwriting and operational support. This model helps us best deliver on our values of strong customer focus and fast claims settlement. Matteo will be responsible for the continued growth of Peak Re’s European portfolio and further strengthen our relationships with our clients in Europe.”

Jacques Burri, the former CEO of Peak Re AG and Head of Marketing & Production in Europe, and Emmanuel Thommen, the former Senior Vice President at Peak Re AG have retired. Both of them continue to support Peak Re with their extensive experience in an advisory capacity.

Mr. Hahn further commented: “Jacques has been key in building Peak Re’s European business since 2015. During his tenure, he and his team have established a strong foundation for our European portfolio and significantly expanded our client reach in this region. On behalf of the entire Peak Re team, I would like to thank Jacques and Emmanuel for their dedication and valuable contributions and wish them all the best in their future endeavours.”