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Peak Re Appoints David Menezes As Chief Risk Officer, Franz Josef Hahn Comments

PRIVATEJul 15, 2024•almost 2 years ago

Position

Chief Risk Officer

Company

Peak Re

David Menezes
Hong KongRisk Management

Description

Hong Kong-based global reinsurer Peak Re has appointed David Menezes as Chief Risk Officer, effective immediately. Menezes has been instrumental in upholding Peak Re’s high standards of risk management and oversight, with key responsibilities including ensuring regulatory and legal compliance, understanding risks and exposures, and safeguarding financial strength. CEO Franz-Josef Hahn comments on Menezes' exceptional oversight and leadership skills, acknowledging his promotion.

Company Information

Company

Peak Re

Location

Hong Kong, Hong Kong, Hong Kong

About

Peak Reinsurance Company Limited (“Peak Re” or the “Company”) is a Hong Kong-based global reinsurance company. Since commencing operations in 2012, the Company has grown steadily to rank 27th among global reinsurance groups in terms of net reinsurance premiums written. For the year ended 31 December 2023, Peak Re reported a reinsurance revenue of USD1.56 billion and a net profit of USD200 million. With net assets of USD1.28 billion as of 31 December 2023, Peak Re is rated A- (Excellent) by AM Best. Peak Re is authorised by the Hong Kong Insurance Authority under the Insurance Ordinance (Cap. 41). The Company offers both Property & Casualty (“P&C”) and Life & Health (“L&H”) reinsurance. It provides innovative and tailored reinsurance, risk management and capital management solutions to clients around the world. Fosun International Limited (00656.HK) and Prudential Financial, Inc. own approximately 87% and 13% of Peak Re, respectively, through Peak Reinsurance Holdings Limited.

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