Peak Re sets up new unit to drive customised reinsurance solutions

Hong Kong-based global reinsurer Peak Reinsurance Company has strategically expanded its structured solutions team, in response to growing demand for innovative and flexible capital and risk management solutions.

The move aims to broaden product diversity and offer customised and innovative reinsurance solutions to both its property & casualty (P&C) and life & health (L&H) clients.

Peak Re has expanded its L&H structured solutions team, established in 2022 to develop bespoke solutions, to include P&C business. The expanded structured solutions team will operate independently.

The new team will be led by Chenwei Li (pictured left), a seasoned professional with around 20 years of experience in the re/insurance industry, who joined Peak Re as appointed actuary in 2018, subsequently took up the role of head of structured solutions of L&H and co-head of L&H in 2022. Li's role will now be focused on structured solutions for P&C and L&H clients.

Li is joined by Tony Zhong (pictured right) and Min Zhang (pictured centre), both senior actuaries with extensive experience in capital, risk, and financial management.

Franz-Josef Hahn, CEO of Peak Re, said: "The establishment of the new Structured Solutions team is a major step forward in our mission to innovate and provide tailored solutions that meet the evolving needs of our clients. With Chenwei Li at the helm and supported by his talented team, I am confident that we can offer distinctive and value-added services to reinforce our position as a leading reinsurer in Asia and beyond."

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