Offering world-class claims services to the Asia Pacific region

Peak Reinsurance Company Limited (“Peak Re”), the fast growing Hong Kong based reinsurer, has appointed Sophia Chiu as their Senior Vice President for Claims, overseeing the entire claims operations for the company.

Ms. Chiu will be responsible for delivering the company’s claims philosophy, setting up claims procedures, and ensuring all necessary levers are in place to support the company’s development as the leading reinsurer in the Asia Pacific region.

Ms Chiu has an extensive track record in the international insurance industry and has joined Peak Re from Marsh Hong Kong where she was the technical consultant, advising on both the revamp of the company’s claims procedures and systems as well as various complex claims. Prior to that, she worked as a consultant for MSIG and took up senior claims positions for other leading insurance companies, including Falcon Insurance and HSBC Lombard Insurance, based in Hong Kong.

Franz Hahn, chief executive officer of Peak Re, welcomed Sophia Chiu’s appointment: “The ability to provide world class claims services lies at the core of every leading reinsurance group, and it is Peak Re’s guiding principle to pay all legitimate claims promptly and efficiently. We are pleased to have Sophia on board with us, with the kind of quality and track record she has, Peak Re will surely be right at the forefront of the industry in this respect.”

Ms Chiu has a Professional Diploma in Business Studies (Insurance) from the Hong Kong Polytechnic and a fellowship and chartered insurer qualification from The Chartered Insurance Institute.

About Peak Re

Peak Re is headquartered in Hong Kong with an initial capital base of US$550 million. It is authorized by the Office of the Commissioner of Insurance of Hong Kong and is rated “A-” by A.M. Best, a leading international insurance industry credit rating agency.

The Company is backed by Fosun International Limited and the International Finance Corporation, member of the World Bank Group, who have respectively invested 85.1% and 14.9% in the Company.

Peak Re offers reinsurance treaty services covering a range of lines across Asia Pacific, tailor-making risk transfer and capital management vehicles to best fit clients’ needs.