Peak Re hires director of Markets

Peak Reinsurance, a global reinsurer based in Hong Kong, has appointed Andrew Souter as the company’s director of Markets with effect from early November 2020.

Souter will oversee the clients’ portfolio in Global Markets and will be responsible for developing the company’s Property & Casualty reinsurance business.

Souter brings with him 18 years of experience in the finance industry, during which he has worked closely with renowned global insurers as well as Japanese and APAC (re)insurers, with extensive experience across the full capital spectrum and a strong track record in utilising both traditional and ILS capacity.

He joins Peak Re from Pioneer Underwriters/ Syndicate 1980 where he was head of Capital and a member of the executive management team, responsible for capital raising for Pioneer Underwriters/Syndicate 1980,
including outwards reinsurance.

Prior to Pioneer Underwriters, Souter had spent a decade with Willis Re, where he was concurrently Head of London APAC team and head of ILS Practice Group for the International Division. He also speaks fluent Japanese.

Commenting on the new appointment, Franz Josef Hahn, chief executive officer of Peak Re, says: "We are excited to have Andrew joining us. His extensive experience working with the capital markets and strong client relationships with global insurers will strengthen our ILS capabilities and will help us to continue to bring unique and innovative (re)insurance solutions to both our customers and investors as we expand further as an organisation."