Peak Re poaches head of global retrocession from Hannover Re

Peak Reinsurance Company Limited (Peak Re), the Hong Kong-based global reinsurer, has appointed a new director, head of global retrocession, effective September 1 2021.

In his new role, Sascha Bruns will lead the design and implementation of Peak Re’s retrocession strategy for its global property & casualty business. He will be based in Hong Kong, and will report to Franz Josef Hahn, chief executive officer of Peak Re.

“Sascha’s background makes him a great fit for this newly created role,” said Hahn. “He has a keen understanding of the traditional covers as well as capital market securitisation. With his network of retrocessionaires, reinsurers, brokers as well as alternative capital providers, I am confident that he will be a great addition to our team and a key contributor to the development of our retro strategy.”

Bruns was previously senior underwriter and deputy to the head of group protections at Hannover Re, a company he joined almost two decades ago and had held positions of increasing seniority. He has broad experience in analysing, structuring, placing and administrating natural catastrophe retrocessions programs, and is a fellow member of the Chartered Insurance Institute.

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