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Peak Re Appoints Karlheinz Render As Senior Vice President Europe For Its Subsidiary In Switzerland

Peak Reinsurance Company AG ("Peak Re AG"), the wholly-owned European subsidiary of the Hong Kong-based global reinsurer, Peak Reinsurance Company Limited ("Peak Re"), today announced the appointment of Karlheinz Render as Senior Vice President Europe, effective August 1st, 2021.

Mr. Render will develop Peak Re’s market position in Europe, by leveraging off the foundations established by Peak Re; namely in the Property & Casualty (P&C) markets of the DACH region. Based on his extensive experience in client markets and underwriting in the reinsurance industry, Mr. Render will be responsible for developing and maintaining client relationships in the region by providing tailored solutions to support clients’ growth aspirations. Mr. Render succeeds Emmanuel Thommen, former Senior Vice President at Peak Re AG, who has announced his retirement. Mr. Render will report to Matteo Cussigh, Chief Executive Officer of Peak Re AG. He will be based in Zurich.

Mr. Render will join Peak Re AG from Swiss Re, where he served in various client management and underwriting roles over nearly three decades. Most recently, he led Swiss Re’s large clients division in Germany and was accountable for the inforce and new business development of large German P&C clients. He also served on the leadership team for the Northern, Central and Eastern European P&C markets, with a proven track record in expanding P&C treaty portfolio. Previously, Mr. Render held various responsibilities, including client management and underwriting in France, Belgium, Luxembourg, Spain, Portugal, and Latin America.

Matteo Cussigh, Chief Executive Officer of Peak Re AG commented, "We are delighted to welcome Mr. Render to join our international client markets team. Expanding Peak Re’s franchise in Europe is a key building block in our global diversification and growth strategy. With his extensive experience in Europe, and Peak Re’s proven international underwriting and analytical capabilities, Mr. Render will contribute to strengthening our client relationships on the ground to support our clients.”



Reinsurance Group Of America Announces New Members To Board Of Directors

Reinsurance Group of America, Incorporated (NYSE: RGA) a leading global life and health reinsurer, has announced the appointment of Stephen T. O’Hearn and Ng Keng Hooi to its Board of Directors.

Mr. O’Hearn will begin his service on October 1, 2020. Mr. Ng will join mid-2021 following the completion of a previous post-retirement commitment. The addition of Mr. O’Hearn and Mr. Ng increases the number of RGA directors to 12.

“RGA is fortunate to add the extensive experience of Steve and Keng Hooi to our board,” said Anna Manning, President and Chief Executive Officer, RGA. “Steve is a global executive with keen insights into the insurance and financial services industries, and his perspectives on risk, regulation, and global strategy will immediately add value to our board. Keng Hooi’s exceptional track record in leading complex and dynamic businesses for the largest life insurers in the world, along with his experiences in highly regulated environments, will enhance RGA’s board oversight as the company continues to seek growth opportunities globally.”

“With the addition of Steve and Keng Hooi to the RGA board, we are further strengthening an already impressive roster of industry leaders and business professionals,” said J. Cliff Eason, Chairman of the Board of Directors. “Steve is an exceptionally accomplished professional who brings a wealth of best practices and strategic insights to our board and will further enhance our financial oversight. Keng Hooi is a highly seasoned life insurance veteran whose expertise will significantly deepen our board's industry knowledge in both developed and emerging markets in Asia.”

Stephen T. O’Hearn

Mr. O’Hearn spent the majority of his career with PricewaterhouseCoopers (PwC), and was with the firm for 38 years. Most recently, he served as the Global Leader of PwC’s 15,000-person Insurance Practice from 2015 to 2020, during which time he also served on PwC’s extended global leadership team. A trained accountant, Mr. O’Hearn has 26 years of experience as an audit partner, serving a variety of clients in the financial services industry.

His career has led him around the world: In 2001, Mr. O’Hearn moved to Tokyo with the PwC Insurance Practice, and in 2012, he moved to Switzerland to serve as the Global Relationship Partner and Audit Partner for Zurich Insurance Group. He then assumed the role of EMEA Insurance Leader in 2012, and leadership of the PwC Global Insurance Practice in 2015. In 2018, he moved to Munich to serve as Global Relationship Partner for Allianz.

Mr. O’Hearn attended The University of Notre Dame, graduating summa cum laude in 1982, and he is a Certified Public Accountant in the United States. He served on the Board of the International Insurance Society 2009 to 2018, and was chairman of the finance committee for the first five years of his tenure.

Ng Keng Hooi

Ng Keng Hooi has a wealth of insurance industry experience that spans more than 40 years. Most recently, Mr. Ng served as senior advisor to AIA Group Limited (AIA Group) and was Group Chief Executive and President of AIA Group from 2017 to 2020. From 2010-2017, Mr. Ng served as Regional Chief Executive at AIA Group, and was responsible for the group’s business operations in China, Thailand, Singapore, Malaysia, Indonesia, Taiwan, and Brunei as well as Group Agency Distribution.

He joined AIA Group from Great Eastern Holdings, Singapore where he was Group Chief Executive between December 2008 and October 2010. Prior to his tenure at Great Eastern Holdings, Mr. Ng was with Prudential plc for almost 20 years, including as a member of Prudential Corporation Asia’s board and Regional Managing Director of Malaysia, Singapore, and Indonesia. This followed his successful tenure as CEO of Prudential Malaysia.

Mr. Ng has been a Fellow of the Society of Actuaries (U.S.) since 1985. He received his Bachelor of Science degree in Mechanical Engineering from Lafayette College (Pennsylvania, USA) in 1979.

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