David Menezes promoted to Chief Risk Officer at Peak Re

Peak Re on Monday announced the promotion of David Menezes to Chief Risk Officer, effective immediately.

Menezes steps into this role having served as Deputy Chief Risk Officer at the Hong Kong-headquartered reinsurer since September 2022. He originally joined the business in 2016 and has been “instrumental in maintaining our high standards of risk management and compliance,” Peak Re said in a statement.

In his new role, Menezes will continue to ensure regulatory and legal adherence, understand risks and exposures, and safeguard the company’s financial strength, the company added.

Franz-Josef Hahn, CEO of Peak Re, congratulated Menezes on his promotion, commenting, “David has consistently demonstrated exceptional oversight of our Risk, Compliance, and Legal functions. His leadership skills have been pivotal in fostering a risk-oriented culture throughout the company, driving our risk management strategies, and maintaining our robust financial health.”

“I am pleased to congratulate David on this well-deserved promotion,” Hahn added.

Menezes is a Fellow of the Institute and Faculty of Actuaries and holds a postgraduate degree in Physics from the University of Oxford. He has also actively participated in several industry working groups, including advising on IFRS17 implementation for general insurance and developing risk-based capital solvency standards.