Hong Kong, March 24, 2026 – Peak Reinsurance Company Limited (“Peak Re”, or the “Company”), a global reinsurer specialising in emerging markets, today announced a leadership transition as part of the Company’s next phase of growth across Asia-Pacific and global markets.

After more than a decade of dedicated leadership, Mr. Franz-Josef Hahn, Co-Founder and CEO of Peak Re, will transition from his current role and assume the position of Special Advisor, continuing to provide strategic oversight until 9 October 2026.

Mr. Victor Kuk will assume the role of CEO effective 20 April 2026, subject to regulatory approval.

Victor Kuk is a seasoned insurance executive with over two decades of leadership experience across Asia. He joins Peak Re from Swiss Re, where he served as CEO of Swiss Re Asia Pte. Ltd. and was also the Head of P&C Reinsurance Market Unit. Victor Kuk previously held senior roles including Regional CEO for AXA Asia General Insurance and Chief Risk Officer for QBE Asia Pacific and Latin America.

Mr. Vincent Li, Chairman of the Board of Peak Re, 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 Mr. Victor Kuk as CEO; his exceptional leadership and experience will guide the company into its next chapter, accelerating profitable growth and global diversification.”

Bing Gu, Managing Director at KKR, 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.”

Franz-Josef Hahn, stated: “I am very grateful to our clients, partners, dedicated colleagues and shareholders for their unwavering trust and long-term support over the past decade. 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. 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.”

Victor Kuk, said: “I am honoured to lead Peak Re at such a pivotal time and am grateful for the trust placed in me by the Board. 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.”

He added, “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.”

Peak Re remains fully committed to service excellence, disciplined underwriting, and sustainable growth of business.

Media Contact: [email protected]

About Peak Re

Peak Reinsurance Company Limited (“Peak Re” or the “Company”) is an emerging market reinsurance specialist with a global portfolio. Established to support the growth and stability of societies and communities in Asia and beyond. Since commencing operations in 2012, Peak Re has grown rapidly to rank 28th among global reinsurance groups in terms of net reinsurance premiums written^[1], with a strong commitment to innovation and delivering value to our partners. With a financial strength rating of A- (Excellent) by A.M. Best and a strong capital base, Peak Re is a trusted partner for clients across Asia Pacific, Europe, the Middle East and the Americas.

[1] S&P Global Ratings’ Top 40 Global Reinsurers In 2025 And Reinsurers By Country