Peak Reinsurance Company (Peak Re) has announced a leadership change as it prepares for its next stage of expansion in Asia-Pacific and other markets.
Victor Kuk has been selected as the next CEO, with his appointment scheduled to take effect on 20 April 2026, subject to regulatory approval.
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The Hong Kong-based reinsurance company’s co-founder and current chief executive, Franz-Josef Hahn, will step away from day-to-day leadership after more than ten years in the role.
He is due to move into a special adviser position, where he will continue providing oversight through to 9 October 2026.
Kuk joins from Swiss Re, where he was CEO of Swiss Re Asia and headed the property and casualty reinsurance market unit.
His previous senior positions include regional CEO at AXA Asia General Insurance and chief risk officer at QBE Asia-Pacific and Latin America.
Peak Re board chairman Vincent Li said: “On behalf of the board, we sincerely thank Franz for his visionary leadership and dedication that have been central to Peak Re’s success in becoming a globally respected reinsurer.
“We warmly welcome Victor Kuk as CEO; his exceptional leadership and experience will guide the company into its next chapter, accelerating profitable growth and global diversification.”
The CEO succession follows other senior-level updates announced by the group recently.
Last month, Peak Re said Tang Yan and Dan Joseph Knipe had been appointed to its Board of Directors. Tang’s background includes legal and risk management work.
She is chief risk officer of the Fosun Banking and Insurance Committee and co-general manager of the legal department at Fosun International, the company’s majority shareholder.
Knipe, an actuary, has more than 25 years’ experience across insurance and financial services.
Peak Re has also confirmed that Philip Hough will join as chief underwriting officer on 2 April 2026.
He will be responsible for the company’s property and casualty underwriting approach and related business processes including risk selection, portfolio work and product development.
In January, Peak Re reported it had secured investments by funds managed by KKR and Quadrantis Capital. Financial terms were not provided.
The reinsurer stated that, after regulatory clearances and other closing conditions were met, KKR and Quadrantis Capital held around 11.27% and 1.80% of Peak Re’s issued share capital, respectively.
Fosun International, through its holding entity, retained roughly 86.71%.
