Peak Re names Victor Kuk as CEO amid leadership transition

Global reinsurer Peak Reinsurance Company (Peak Re), known for its strong focus on emerging markets, has announced a significant leadership transition as it gears up for its next phase of growth across Asia-Pacific and global markets.

After more than a decade at the helm, Co-Founder and CEO Franz-Josef Hahn will step down from his executive role and transition into a Special Advisor position. In this capacity, Hahn will continue to provide strategic guidance to the company until 9 October 2026, ensuring continuity during the leadership shift.

The company has named Victor Kuk as its incoming CEO, effective 20 April 2026, subject to regulatory approval. Kuk brings over 20 years of leadership experience in the insurance industry across Asia and joins Peak Re from Swiss Re, where he served as CEO of Swiss Re Asia and Head of the P&C Reinsurance Market Unit.

Kuk’s extensive career also includes senior roles such as Regional CEO for AXA Asia General Insurance and Chief Risk Officer for QBE Asia Pacific and Latin America, positioning him as a seasoned leader well-versed in navigating complex regional markets.

Announcing the transition, Vincent Li, Chairman of Peak Re’s Board, credited Hahn for his transformative leadership. “Franz’s vision and dedication have been instrumental in establishing Peak Re as a globally respected reinsurer,” Li said. “We are equally pleased to welcome Victor Kuk, whose experience and leadership will help drive the company’s next chapter of profitable growth and global diversification.”

Echoing this sentiment, Bing Gu, Managing Director at KKR, acknowledged Hahn’s contribution in building a differentiated global reinsurer with a strong footprint in high-growth markets. “We look forward to working closely with Victor and the management team to support Peak Re’s continued success,” he said.

Reflecting on his tenure, Hahn described building Peak Re as the most rewarding chapter of his career. “I am deeply grateful to our clients, partners, colleagues, and shareholders for their trust over the years. Together, we have created a resilient platform and a strong team,” he said, adding that he is confident in Kuk’s leadership going forward.

Kuk said he is honoured to lead Peak Re at a pivotal time for the industry. “As we navigate evolving market dynamics, climate risks, economic shifts, and technological advancements, I look forward to strengthening client partnerships and capturing new opportunities globally,” he noted.

He also paid tribute to Hahn’s legacy, calling his leadership “a benchmark for excellence.” Kuk emphasized his commitment to advancing strategic priorities, fostering innovation, and delivering sustained, profitable growth.

The transition marks a new chapter for Peak Re as it continues to prioritize service excellence, disciplined underwriting, and sustainable business growth in an increasingly complex global risk landscape.