Hong Kong-based reinsurer Peak Re has been authorised as a Life and General Reinsurer by the Monetary Authority of Singapore with permission to operate in Singapore from November 2nd.
Franz-Josef Hahn, Chief Executive Officer of Peak Re, said; “Asia is our core region. Peak Re has already built a sizable presence in Asia’s mature reinsurance markets including South-East Asia.
“Singapore is an important market in Asia and we continue to see attractive business opportunities to support our clients.
“This authorisation from Monetary Authority of Singapore will allow Peak Re to strengthen our business relationships in Singapore and deepen our client penetration.”
Peak Re will expand its Singapore reinsurance market presence, with easier access and business process after being authorised.