Peak Re Appoints Mr. Stephen B. Roder as Independent Non-Executive Director
Peak Reinsurance Company Limited (“Peak Re”), a global reinsurer based in Hong Kong, announces today that Mr. Stephen B. Roder has been appointed as an Independent Non-Executive Director (“INED”) and member of various Board Committees of Peak Re with effect from 2 May 2018 (the “Appointment”).
Mr. Roder was one of the co-founders of Peak Reinsurance Company Limited. He has substantial experience in strategy, regulatory matters, finance, capital markets and transactions with a focus on financial services sector. Mr. Roder has over 20 years of experience in dealing with global companies and in-depth working experience across Asia markets. He held several senior positions at Manulife, AIA and KPMG in his career life.
The Appointment is a replacement of the resignation of Mr. Gong Zhiqi as an INED, member of various Board Committees on 1 May 2018.
Mr. Franz Josef Hahn, Chief Executive Officer of Peak Re, said: “On behalf of the Board, I would like to express my sincere thanks to Mr. Gong who made a great contribution to Peak Re as an INED during his tenure of service at the Board.
At the same time, I am delighted to welcome Steve joining Peak Re and becoming an INED and member of our various Board Committees. Mr. Roder possesses extensive experience in Asia and the insurance industry. I am confident that his presence on the Board will be invaluable as we continue to focus on modernising reinsurance and being one of the most valued reinsurance partners to our clients and stakeholders.”
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.