Peak Re appoints Cussigh as CEO of Swiss arm

Peak Re appoints Cussigh as CEO of Swiss arm

Peak Reinsurance Company Limited (Peak Re), the Hong Kong headquartered, Fosun backed global reinsurer, has revealed a senior consultation in Europe, naming previous NewRe executive Matteo Cussigh as CEO of its Swiss subsidiary, with a lead role in European marketing for the firm.Cussigh joined Peak Re in 2020 and now takes on the twin functions of CEO of the wholly-owned subsidiary Peak Reinsurance AG, its Switzerland based company, and likewise Head of Marketing & & Production, Europe
. His appointment comes as Peak Re announces the retirement of Jacques Burri and Emmanuel Thommen, who led the reinsurers European expansion and helped set up its Swiss subsidiary.
Cussigh has a track record of senior roles in the reinsurance space prior to signing up with Peak Re last year, with the most current being his time spent at NewRes Capital Partners unit.
Owned by reinsurance giant Munich Re, the NewRe Capital Partners division has a concentrate on both alternative and traditional reinsurance services, consisting of insurance-linked securities (ILS), collateralised reinsurance arrangements, parametric triggers and structured arrangements.
Cussigh was most just recently Head of Origination & & Analytics, Capital Partners at NewRe and had actually been with the business over a decade.
Prior to that, Cussigh worked at Aon Risk Services and at Swiss Re structuring alternative danger transfer solutions.
Franz Josef Hahn, Chief Executive Officer of Peak Re, commented on the hire, “We broadened to Europe in 2015 and was accredited to compose P&C reinsurance business in 2016, marking our strong commitment to European markets. Matteo will be responsible for the continued growth of Peak Res European portfolio and further reinforce our relationships with our customers 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 however continue to support the reinsurer in an advisory capacity.
Hahn included, “Jacques has actually been type in building Peak Res European service since 2015. Throughout his tenure, he and his team have developed a strong structure for our European portfolio and considerably expanded our client reach in this area. On behalf of the whole Peak Re group, I wish to thank Jacques and Emmanuel for their devotion and important contributions and wish them all the very best in their future endeavours.”
Peak Re also recently announced the hiring of Sascha Bruns, a retrocession expert who had formerly worked for Hannover Re, and named Iain Reynolds and Andy Souter as Co-Heads of P&C organization.

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