Peak Re hires retrocession specialist Bruns from Hannover Re

Peak Re hires retrocession specialist Bruns from Hannover Re

Peak Reinsurance Company Limited (Peak Re), the Hong Kong headquartered, Fosun backed international reinsurer, has announced the hiring of Sascha Bruns, a retrocession specialist who had actually formerly worked for Hannover Re.Bruns will sign up with Peak Re as Director, Head of Global Retrocession, effective September 1st 2021.
He brings years of experience in non-marine retrocession, both on a standard basis and also know-how in capital markets placements, securitizations and risk swaps.
Bruns operated in the Retrocessions & & Capital Markets Group Protections group at Hannover Re most recently, where he specialised in all natural catastrophe retro positionings and swaps.
With almost 20 years at Hannover Re, Bruns spent more than 17 of that dealing with retrocession for the reinsurance carrier, providing him an exceptional understanding of how to structure a global retro program for a reinsurer, along with how to make finest use of the readily available capital and risk transfer structuring choices.
He will also have a wealth of contacts in the retrocession space, consisting of both alternative and standard or ILS fund markets.
Hannover Re has one of the most recognized capital markets retrocession programs, including its K-Cessions sidecar.
In his new function at Peak Re, Bruns will lead the design and implementation of the reinsurers retrocession strategy for its international Property & & Casualty service.
Bruns will be based in Hong Kong, and will report to Franz Josef Hahn, Chief Executive Officer of Peak Re.
” Saschas background makes him a fantastic suitable for this recently created function,” Hahn described. “He has a keen understanding of the traditional covers along with capital market securitisation. With his network of retrocessionaires, reinsurers, brokers in addition to alternative capital companies, I am confident that he will be a great addition to our team and a crucial contributor to the advancement of our retro method.”

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