Peak Reinsurance ("Peak RE"), the leading reinsurer based in Hong Kong, is pleased to announce the appointment of Cathy Chen as its Chief Financial Officer.
Her appointment adds to an already strong talent pool that Peak Re has built up since a year ago and Ms Chen, who brings more than 10 years of accounting and financial experience in insurance related industry, will be responsible for overseeing the financial and operational management of Peak Re.
Ms Chen is a highly experienced professional having worked in both the insurance and reinsurance industry her entire career. She has previously been part of the management teams of various internationally renowned insurance organisations and she brings to Peak Re a wealth of experience and insights from her previous roles.
Peak Re began operations in late 2012 and it has since grown substantially. It is strongly backed by Fosun International Limited, one of the largest privately owned conglomerates in China and International Finance Corporation, a World Bank unit, which encourages Peak Re to maintain part of its portfolio with emerging markets.
Ms Chen's previous role was Chief Representative for Lloyd's at the market's Beijing representative office. She was responsible for the promotion of Lloyd's brand and enhancing the organization's government relations in China. Prior to that, she was CFO for Swiss Re's China operation.
Ms. Chen holds an MBA in Finance and a Bachelor's degree in Economics. She is also a member of the ACCA (Association of Chartered Certified Accountants) Fellowship.
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 to launch its underwriting operations with a territorial scope encompassing Asia Pacific, and rated "A-" by A.M. Best, a leading international insurance industry credit rating agency.
The Company is led by a dynamic team of highly experienced reinsurance professionals with a diverse range of market experience. Founded on time-tested principles and united by a collective determination to embrace the rapid changes in the modern era, the management of the Company believes that Peak Re brings new solutions to the Asia-Pacific reinsurance industry.