Peak Re CEO Victor Kuk said the reinsurer “needs to be disciplined” and manage insurance cycles while pursuing growth in a softening market.

In an interview with The Insurer TV at the Rendez-Vous de Septembre in Monte Carlo, Kuk discussed the firm’s future strategy and current market conditions.

Kuk said Peak Re was embarking on a five-year plan and was targeting areas of business where it is not currently active, such as facultative reinsurance.

He added that despite these new initiatives, “the most important thing is to manage the insurance cycles, so we need to be disciplined”.

“We don't chase the top line,” he said.

“The initiatives will be implemented sometime from this year onwards, so some of them will be ready for 1.1, some of them won't but we'll monitor the market conditions.

“So our assumption is if market conditions continue to be more challenging for us, we will slow down the implementations to make sure the portfolio from a quality, from the discipline angle, is strong, and also when the next hardening cycle comes, we'll be much more ready to capture the growth going forward.”

Kuk said Peak Re would remain active in the alternative capital space from a fee income perspective and to help fund growth. He added that the firm would potentially look at sidecars going forward.

“A number of different instruments and innovation will come together to help us to get there,” he said.

Watch the full interview to hear more about:

• Peak Re’s other strategic priorities
• How the market in Hong Kong will develop
• Kuk’s overall take on the reinsurance space

View the video

The article was first published on The Insurer on 21 September, 2026. Please refer to the full article here.