Peak Re installs CEO at Swiss subsidiary

Peak Reinsurance Company, the Hong Kong-based global reinsurer, ILS specialist and owner of Bermuda-based Peak Capital, has named Matteo Cussigh as chief executive officer (CEO) of its Switzerland-based wholly-owned subsidiary Peak Reinsurance.

Cussigh also serves as head of marketing and production, Europe, for Peak Re the parent company.

Meanwhile Jacques Burri and Emmanuel Thommen, who have both been instrumental in Peak Re’s European expansion and helped establish the Swiss subsidiary, have announced their retirement.

Peak Re first expanded into Europe in 2015, earning a license to write property and casualty reinsurance business there in 2016.

Franz Josef Hahn, CEO of the parent Peak Re, said: "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.”