Hong Kong-based Peak Reinsurance Company Limited has appointed Matteo Cussigh as senior vice president of markets.
Cussigh has two decades of experience in both traditional reinsurance and alternative risk tools with broking and reinsurance companies. Prior to joining Peak Re, he spent ten years with NewRe, where he last served as head of origination and analytics, Capital Partners. He had also worked for Aon and Swiss Re.
Peak Re's chief executive officer Franz Josef Hahn comments: “[Cussigh] has respectable reputation in the European Market and will be based in Switzerland. Working together with the team, his joining will contribute to the growth of portfolio and further strengthen relationships with our clients in Europe.”
Peak Re is one of the few locally established reinsurance companies in Asia Pacific, underwriting both life and non-life reinsurance business. It has a shareholder equity of US$1.1 billion as of December 31 2019.
Fosun International Limited and Prudential Financial hold approximately 87% and 13% of Peak Re via Peak Reinsurance Holdings Limited, respectively.