Retrocession markets are staying firm and capacity is harder to find for Asian firms, but revived cat bonds present an opportunity in the region: Peak Re’s Sascha Bruns.
Peak Reinsurance has closed the issuance of a $150m 144A catastrophe bond via Black Kite Re, a newly established special purpose insurer in Hong Kong. As part of the transaction, Peak Re has entered into a retrocession arrangement with Black Kite Re, providing the company with a multi-year
Peak Re places $150m Black Kite Re cat bond globalreinsurance.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalreinsurance.com Daily Mail and Mail on Sunday newspapers.
People Moves: Hannover Re’s Bruns to Peak Re; AIG’s Nagra to BHSI; 4 Mosaic Hires May 17, 2021
A summary of these new hires follows here.
Peak Reinsurance Co. Ltd., the Hong Kong-based global reinsurer, announced that
Sascha Bruns has been appointed director, head of Global Retrocession, effective Sept. 1, 2021.
Sascha Bruns
Bruns will lead the design and implementation of Peak Re’s retrocession strategy for the company’s global Property & Casualty business. He will be based in Hong Kong, and will report to
Franz Josef Hahn, chief executive officer of Peak Re.
Bruns was previously senior underwriter and deputy to the head of Group Protections at Hannover Re, a company he joined almost two decades ago and had held positions of increasing seniority. He has broad experience in analyzing, structuring, placing and administrating natural catastrophe retrocessions programs, and is a Fellow of the Chartered Insurance Institute.