Peak Re appoints Sascha Bruns as Head of Global Retro.Hong Kong domiciled reinsurer, Peak Reinsurance Company Limited, has announced the addition of Sascha Bruns (LinkedIn), previously of Hannover Re, as Director, Global Head of Retrocession, effective September 1st, 2021.In his new role, Bruns will lead the design and implementation of the companys retro strategy for its global Property & Casualty businesses.Based in Hong Kong, Bruns will report to Peak Res Chief Executive Officer (CEO), Franz Josef Hahn (LinkedIn)."Saschas background makes him a great fit for this newly created role. He has a keen understanding of the traditional covers as well as capital market securitisation," said Hahn."With his network of retrocessionaires,

<h1>Peak Re appoints Sascha Bruns as Head of Global Retro.</h1><h1> </h1><div>Hong Kong domiciled reinsurer, Peak Reinsurance Company Limited, has announced the addition of Sascha Bruns <a target="_blank" href="https://www.linkedin.com/in/saschabruns/">(LinkedIn)</a>, previously of Hannover Re, as Director, Global Head of Retrocession, effective September 1st, 2021. In his new role, Bruns will lead the design and implementation of the companys retro strategy for its global Property & Casualty businesses. Based in Hong Kong, Bruns will report to Peak Res Chief Executive Officer (CEO), Franz Josef Hahn <a target="_blank" href="https://www.linkedin.com/in/fjhahn/">(LinkedIn)</a>. "Saschas background makes him a great fit for this newly created role. He has a keen understanding of the traditional covers as well as capital market securitisation," said Hahn. "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 joins the firm from Hannover Re, where he worked for almost 20 years and most recently served as Senior Underwriter & Deputy Head of Group Protections. He brings experience in analysing, structuring, placing and administrating natural catastrophe retro programmes to his new role.</div><div> </div>

Hannover Re

Peak Re

Reinsurance (NEC)

Insurance

Reinsurance

Insurance Brokers | Intermediaries

Non-Life Insurance

Life | Health | Pensions

Peak Re | Sascha Bruns | Head of Global Retro | EMEA

Hong Kong-based global reinsurer Peak Re has expanded its Structured Solutions team to enhance product diversity and deliver customised reinsurance solutions to both its Property & Casualty (P&C) and Life & Health (L&H) clients. The expanded Structured Solutions team will reportedly operate independently, underscoring its commitment to providing the most effective and tailored solutions. Still, Peak Re noted that the team will maintain a close working relationship with Peak Res P&C and L&H business teams to ensure it draws on the firms expertise to create innovative and practical solutions. The new team is led by Chenwei Li, who holds around 20 years of experience in the re/insurance industry. He joined Peak Re as an Appointed Actuary in 2018 and subsequently took up the role of Head of Structured Solutions of L&H and Co-head of L&H in 2022. Lis new role is focused on Structured Solutions for P&C and L&H clients. Tony Zhong and Min Zhang join him, both Senior Actuaries with extensive experience in capital, risk, and financial management. Franz-Josef Hahn, CEO of Peak Re, commented, "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."

Peak Re Bolsters Structured Solutions Team for Tailored Reinsurance Offerings

Promotion

Finance & Investment

Financial Markets

Head of Structured Solutions P&C and L&H

Chen is currently the Head of Structured Solutions (P&C and L&H) at Peak Re since March 2024. Prior to this role, he served as an Appointed Actuary at Peak Re starting in September 2018. Before joining Peak Re, Chen held the position of Appointed Actuary - Life at Taiping Reinsurance Company Limited from February 2017 to September 2018. His earlier experience includes roles as a Regional Actuary at Allianz Asia Pacific from March 2014 to February 2017 and various positions at Aviva from March 2005 to March 2014, including CRO, Economic Capital Actuary, Regional Actuary, and Actuarial Supervisor.

Hannover Re appoints Thorsten Steinmann to the Executive Board to succeed Michael Pickel, who will retire Hannover, 18 March 2024: The Supervisory Boards of Hannover Rück SE and E+S Rückversicherung AG have appointed Thorsten Steinmann (51) as a member of the Executive Board of Hannover Re and E+S Rück effective 1 September 2024. He will succeed Michael Pickel (63), who will retire on 31 December 2024 after 25 successful years at Hannover Re. Thorsten Steinmann joins from Swiss Re, where he was most recently responsible for the reinsurance business in Germany, the Nordics, Austria, Central and Eastern Europe, the Netherlands, and Switzerland. Following a transition period, he will head E+S Rück, the Hannover Re subsidiary responsible for the Groups German business, as Chief Executive Officer effective 1 January 2025, and will be responsible for yet to be determined markets in continental Europe at Hannover Re. "In Thorsten Steinmann, we have been able to appoint an accomplished executive with a highly successful track record in both the insurance and reinsurance industry. I wish him every success in his new role," said Torsten Leue, Chairman of the Supervisory Board of Hannover Re and E+S Rück. "Thorsten Steinmann is a strong successor to Michael Pickel, who has contributed to the success of both Hannover Re and E+S Rück with great leadership and outstanding dedication over more than two decades. On behalf of both Supervisory Boards, I would like to express my sincere thanks to Michael Pickel."

Key Leadership Transition: Hannover Res New Executive Board Member Announced

Hire

Executive Board

Thorsten is the Head Northern, Central & Eastern Europe I Managing Director at Swiss Re, where he was promoted to the role in January 2023. Prior to this, he held various positions at Swiss Re, including Head Casualty Underwriting EMEA, Client Executive Global Clients, Client Executive, Key Account Manager, and Director. Before joining Swiss Re, he worked as an Underwriting Manager at GE Insurance Solutions from January 2000 to August 2006. He also served as a Property Underwriter I Managing Broker at Sparkassenversicherung Stuttgart from October 1997 to January 2000 and as a Managing Broker at Mannheimer Versicherungen AG from October 1995 to October 1997.

Retirement

Michael is currently the Vorstandsvorsitzender at E+S Rückversicherung AG since March 2019 and also holds the position of Vorstand at Hannover Re. Additionally, he has been a Mitglied des Aufsichtsrats at Delvag Versicherungs-AG since June 2016. Previously, he served as a Member of the Board of Directors at Glencar Underwriting Managers Inc from July 2011 to March 2021. Prior to this, he was a Direktor at Gerling-Konzern Globale Rückversicherung from February 1996 to January 2000. His earlier roles include Assistent d. Geschäftsführers at Gerling Globale Rappresentanza per l´Italia from 1991 to 1996 and Länderreferent Lebensrückversicherung at Gerling-Konzern Globale Rückversicherung from 1989 to 1991.

Peak Re | Sascha Bruns | Head of Global Retro | EMEA

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