Peak Reinsurance Company Limited (Peak Re) on Tuesday announced that Victor Kuk will become its next chief executive officer, effective 20 April 2026, pending regulatory approval, succeeding CEO and co-founder Franz-Josef Hahn, who is stepping down after more than 10 years in the role.
The Hong Kong-based reinsurer said the change is part of a planned transition with Hahn to move into the position of special advisor, where he will provide strategic oversight until 9 October 2026.
Kuk joins Peak Re from Swiss Re, where he served as CEO of Swiss Re Asia Pte. Ltd. and head of P&C reinsurance market unit. Previously, he has also held senior roles at AXA Asia General Insurance and QBE Asia Pacific and Latin America.
“Building Peak Re has been the most rewarding chapter of my career, and I am proud of the resilient platform and team we have created together,” Hahn said. “I wish Victor and our talented team every success as they build on this foundation and propel Peak Re towards delivering even greater value in the years ahead.”
Speaking on his new appointment, Kuk said he is honoured to lead Peak Re at such a pivotal time. “As the industry navigates evolving market dynamics, climate-related risks, shifting economic conditions, and rapid technological advancements, I look forward to working with the talented team to strengthen our client partnerships and capture new opportunities across key markets globally.”
“Franz’s pioneering spirit has set an unparalleled standard. Together with the team, I will advance our strategic priorities, foster innovation, and ensure sustained, profitable growth for our stakeholders worldwide,” he added.
Bing Gu, managing director at KKR, which acquired a 13% stake in Peak Re last year alongside Quadrantis Capital, said: “We are grateful for Franz’s leadership in building Peak Re into a differentiated global reinsurer with a strong presence across high-growth markets. We are pleased to welcome Victor, with his proven leadership and track record across Asia, as Peak Re’s new leader and look forward to working closely with him and the management team to support Peak Re’s continued growth and success.”
