Peak Re CEO Franz Josef Hahn named ‘Reinsurance CEO of the Year”
Hong Kong, 20 August 2020 – Peak Reinsurance Company Limited (“Peak Re”), a Hong Kong-based global reinsurer, is delighted to announce that Franz Josef Hahn has won the “Reinsurance CEO of the Year” accolade at the Reactions London Markets Awards 2020.
The prestigious award recognises “a CEO who led a successful and highly regarded reinsurer during calendar year 2019. [The winner] exhibits strong leadership skills and decision-making that has inspired, among other things, positive underwriting results, improved financial performance, business growth and exceptional service to its insurer clients.”
Peak Re is one of the three finalists for the “Reinsurer of the Year” title at the same awards.
Mr. Hahn said, “I am deeply honoured to be recognised by the esteemed panel of judges for our achievements. The driving force behind this success is the unwavering commitment and dedication of our team. It’s on their behalf that I am accepting this award. Since Peak Re’s foundation in 2012, we have taken a fundamentally different approach to reinsurance in contributing to the sustainable development of our industry and helping society to prosper by protecting more people under the umbrella of insurance.”
He continued, “Our success has proven us right. Peak Re has grown to become a global company with a footprint that reaches well beyond our Asian home-base to Europe and the Americas, serving close to 600 insurance clients in more than 70 countries. Today, the company’s total assets extend well beyond US$ 4.4 billion while our premiums exceeded US$1.7 billion in 2019. Going forward, we will continue to build the company to contribute to further closing the insurance protection gap in Asia and beyond. Peak Re deploys innovative solutions, like the use of alternative capital and technology, and our market and product expertise to cater to the changing needs of our communities and in particular the growing middle class in our region.”
About Peak Re
Peak Reinsurance Company Limited (“Peak Re” or “the Company”) is authorised by the Insurance Authority of Hong Kong. It is one of the few locally established reinsurance companies in Asia Pacific, underwriting both life and non-life reinsurance business.
With a shareholder equity of US$1.1 billion as of 31 December 2019, it enjoys an “A-” rating by A.M. Best and a first-time “A3” rating from Moody’s, two leading international insurance industry credit rating agencies, and ranks among the top 30 global reinsurance groups in terms of net written premiums*.
Peak Re strives to provide innovative and forward-looking reinsurance services for customers in the Asia Pacific, Europe, Middle East and Africa and the Americas. It tailors risk transfer and capital management solutions to best fit clients’ needs.
Fosun International Limited (00656.HK) and Prudential Financial, Inc. hold approximately 87% and 13% of Peak Re via Peak Reinsurance Holdings Limited, respectively.
* Source: S&P Top 40 Global Reinsurance Groups 2019