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SpaceBiz Dialogue (September 2026)

How Might We Ground Space Insurance in Hong Kong and Enhance Our Value?

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Our Speakers

Mr. Patrick Peng

Partner and Head of Corporate for Greater China, Clyde & Co

Patrick Peng is a Partner and Head of Corporate for Greater China at Clyde & Co, based primarily in Hong Kong. Before joining the firm in November 2025, he was General Counsel (Acting) of the Hong Kong Insurance Authority, where he helped establish the regulator and develop key frameworks for insurance-linked securities, captive insurance, risk-based capital, group-wide supervision, and company re-domiciliation.


Patrick advises on life and non-life insurance, reinsurance, distribution, corporate governance, licensing, market conduct, and policy development, bringing clients practical insight into both regulatory design and implementation. He also advises corporates on mergers and acquisitions, joint ventures, insurance portfolio transfers, and other corporate and commercial transactions.


He contributes to the industry as a part-time lecturer at The Hang Seng University of Hong Kong, Vice President of the Guangdong-Hong Kong-Macao Greater Bay Area Actuarial and Insurance Industry Academy, and Director of The Hong Kong Insurance Law Association.

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Mr. Iain Reynolds

Head of Third Party Capital, Peak Re

Mr. Iain Reynolds is the Head of Third Party Capital of Peak Re. He has more than 20 years’ of experience in catastrophe modelling, catastrophic risk analysis and transfer, and oversees Peak Re’s pricing and risk accumulation for all lines of business across all territories. Prior to joining Peak Re, Mr. Reynolds was Head of Catastrophe Modelling at Guy Carpenter Singapore from 2012 to 2016. He also worked as Head of Catastrophe Modelling at Guy Carpenter Munich from 2004 to 2012.

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Prof. David Peng

Executive Vice Chair & Board Director, Space Economy Association (SEA)

David Hoantee Peng is a seasoned global executive and advisor bridging the worlds of finance and the rapidly emerging space economy. With over 38 years of leadership in asset management, investment strategy, and financial services across Asia-Pacific, David has built and led businesses for renowned institutions including BlackRock, Merrill Lynch, Legal & General, AXA, Aberdeen, Bank of China, and Aetna. His career has spanned China, Hong Kong, Taiwan, and Southeast Asia, with a deep track record in regulatory engagement, cross-border joint ventures, and organisational growth. 


Now leveraging his financial acumen in the space sector, David serves as President & Senior Advisor at BluFin Advisory (specialising in space and deep tech finance). He also serves as Executive Vice Chair and Board Director at the Space Economy Association (SEA), and is Chief Strategy Officer at AstroHub, a commercial space consultancy company. David acts as advisor to aerospace and digital transformation ventures across Asia. A graduate with distinction from Thunderbird School of Global Management’s Executive Master’s in Space Leadership, Business & Policy, he brings a strategic vision to scaling the commercial space ecosystem with financial discipline and international insight. 


Fluent in English and Mandarin, with working knowledge of several other languages, David is widely recognised for his cross-cultural leadership, global networks, and belief in “Space for All Mankind.” He continues to advise startups, institutional investors, and educational institutions on the intersection of capital, innovation, and sustainable development in both traditional and space-related sectors.

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Prof. Gregg Li

Acting CEO and Council Chair/ Co-Founder, Space Economy Association (SEA)

From a summer engineering intern at Pearl Harbor in 1976 to a stint as ICMCI’s ambassador into China, when China opened its doors and invited professional management consulting as an industry in 2002, Gregg has been a bridge builder and a connector.  Fixing wicked problems has been his life and forte.  He’s been an Internal Consultant at American Express, an External Consultant with Coopers (aka PWC), Consulting Principal of the Management Think Tank at the University of Hong Kong, Member of the HKSAR Government Central Policy Unit, the founder of his regional consulting firm in Family Business Governance and lastly headed up the Global Enterprise Risk Management and Corporate Governance Practice at Aon.  Gregg has never turned down any 1,500-plus wicked challenges his clients wanted resolution. What he couldn’t solve alone, he would invite other professionals from ICMCI, IBM, the World Bank, Protiviti, Citibank, and IMC members to join forces.  Educated as a systems engineer and governance architect, Gregg has had over four decades of professional consulting experience helping disparate parties find common grounds for mutual gains, navigate hyper-growth, and install resilient governance architectures.


Time permitting, he has shared his know-how as an Adjunct and Visiting professor at local and overseas universities, including the inquisitive ones at universities in Beijing, Bombay, Chicago, Clayton, Haidian, Helsinki, Hong hum, Manoa, Palo Alto, Shatin, and Yangpu.  He has enjoyed sharing and researching esoteric subjects like International Corporate Governance, Systems Engineering, Family Business Governance, and Space Entrepreneurship.  He has been proud to claim that scores of his students and mentees are now partners at leading consulting firms, global heads at MNCs and family business empires, and founders of disruptive startups (none is in jail so far).  They have been co-travellers on his journey of discovery, and many are now changing the world for the better.   Many have joined him hitchhiking the galaxy at the Orion Astropreneur Space Academy he founded in Hong Kong, where he is also a voluntary researcher and Ambassador at the Laboratory for Space Research at HKU.


Gregg is a graduate of Washington University in St. Louis (BA), HKU (MPhil), UCLA (MBA), Hawaii (MA), and Warwick University in the UK (Eng. D); and looking to graduate as a Space Global Mentor before 2030.  As an “Astropreneur” and a Comprador of NewSpace, he is now connecting entrepreneurs, governments, universities, engineers, and venture capitalists to prepare their livelihood for the arrival of the NewSpace and Digital economy.

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Mr. Andy Ann

Co-Founder & CEO, YAS; Founder & CEO, NDN Group

Andy Ann is one of Hong Kong's most prolific technology entrepreneurs, with over two decades spent building at the frontier of digital media, data, blockchain, AI, and fintech. Since founding NDN Group in 2002, he has launched and co-founded multiple technology companies — including YAS, an insurtech pioneering risk intelligence for the machine economy — and now backs the next generation of founders through N+ Ventures. Beyond building, Andy shapes the ecosystem — mentoring at incubators, lecturing at universities, and serving as a founding member of TEDxWanChai. He also founded Project Moses, a charity equipping underprivileged communities with AI skills. He holds a double major in Psychology and Economics from UBC and an EMBA from the Chinese University of Hong Kong.

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Mr. Li Hao

Director, Alliance Risk Transfer Limited (ART)

Mr. Li Hao brings over 30 years of distinguished experience in the insurance and reinsurance industry. He holds a Bachelor’s degree in Economics and an MBA in Finance from Shanghai Jiao Tong University.


Mr. Li began his career in 1995 with China Pacific Insurance Company in Shanghai, where he managed ceded reinsurance across complex specialty lines—including marine, aviation, offshore energy, and space - as well as inward reinsurance operations. In 2011, he was appointed Deputy General Manager of the company's Shenzhen Branch, overseeing commercial marketing, claims management, and regulatory compliance. Since 2013, Mr. Li has served as Deputy CEO of China Pacific Insurance Co. (H.K.) Ltd., leading broad core operational functions including underwriting, reinsurance, claims, finance, investment, and compliance.


Mr. Li joined Alliance Risk Transfer Ltd in 2026 as a director of the company.

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Mr. B Y Sim

General Manager & Country Director of HKSAR, Thales

Mr. Sim B.Y. is the General Manager and Country Director of Hong Kong S.A.R. at Thales. He oversees the strategic leadership, business development, and general management of this localized Thales division based in Hong Kong. His executive footprint spans major markets in aviation solutions across the broader Asia-Pacific region, including Hong Kong, Japan, Korea, Taiwan, Southeast Asia, and Australasia. Thales Group is a French multinational company that designs and builds electrical systems and equipment for the aerospace, defense, and digital security markets.

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