Peak Re hires Cussigh from NewRe Capital Partners as CEO of Swiss arm

Peak Re hires Cussigh from NewRe Capital Partners as CEO of Swiss arm

Peak Reinsurance Company Limited (Peak Re), the Hong Kong headquartered, Fosun backed global reinsurer, has actually revealed a senior hire in Europe, selecting NewRes Matteo Cussigh as CEO of its Swiss subsidiary, with a lead role in European marketing for the firm.Cussigh joins Peak Re and handles the twin roles of CEO of the wholly-owned subsidiary Peak Reinsurance AG, its Switzerland based company, and also Head of Marketing & & Production, Europe
. His hiring comes as Peak Re reveals the retirement of Jacques Burri and Emmanuel Thommen, who led the reinsurers European expansion and helped establish its Swiss subsidiary.
Cussigh has a performance history of senior roles in the reinsurance area, with the most recent being his time spent at NewRes Capital Partners unit.
Owned by reinsurance huge Munich Re, the NewRe Capital Partners department has a focus on both conventional and alternative reinsurance services, including insurance-linked securities (ILS), collateralised reinsurance arrangements, structured plans and parametric triggers.
Cussigh was most recently Head of Origination & & Analytics, Capital Partners at NewRe and had actually been with the business over a decade.
Prior to that, Cussigh operated at Aon Risk Services and at Swiss Re structuring alternative threat transfer options.
Franz Josef Hahn, Chief Executive Officer of Peak Re, commented on the hire, “We expanded to Europe in 2015 and was certified to compose P&C reinsurance organization in 2016, marking our strong dedication to European markets. Matteo will be accountable for the ongoing growth of Peak Res European portfolio and more strengthen our relationships with our clients in Europe.”
Jacques Burri, former CEO of Peak Re AG and Head of Marketing & & Production in Europe, and Emmanuel Thommen, former Senior Vice President at Peak Re AG have both retired but continue to support the reinsurer in an advisory capacity.
Hahn added, “Jacques has been type in building Peak Res European business since 2015. During his period, he and his group have established a strong foundation for our European portfolio and substantially broadened our customer reach in this area. On behalf of the whole Peak Re team, I want to thank Jacques and Emmanuel for their devotion and important contributions and wish them all the very best in their future endeavours.”
Peak Re likewise recently announced the hiring of Sascha Bruns, a retrocession specialist who had formerly worked for Hannover Re, and called Iain Reynolds and Andy Souter as Co-Heads of P&C company.

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