Reinsurance News
Peak Re
Peak Re appoints Eun Jeong Lee as SVP Retrocession
31st October 2025
Hong Kong-based global reinsurer Peak Re has announced the appointment of Eun Jeong Lee as Senior Vice President (SVP), Retrocession. Lee brings deep expertise in reinsurance, actuarial science, and risk management, joining Peak Re after spending 19 years at Korean Reinsurance Company (Korean Re). Most recently, she served as Deputy Branch Manager ... Read the full article
Peak Re secures KKR and Quadrantis Capital as new minority investors
21st October 2025
Funds managed by KKR, a global investment firm and Quadrantis Capital, a Portuguese investment management business, have entered into definitive agreements to acquire minority stakes in Hong Kong-based global reinsurer, Peak Reinsurance Company Limited (Peak Re), via Peak Reinsurance Holdings Limited. The transactions are expected to close in the fourth quarter ... Read the full article
Peak Re’s GWP climb 25% to $1.1bn in H1’25
27th August 2025
Fosun International Limited has released the unaudited results for Hong Kong-based global reinsurer Peak Re for the first half of 2025, reporting gross written premiums (GWP) of $1.06 billion, a 25.1% increase compared to the same period a year earlier. As of the end of the reporting period, Fosun held an ... Read the full article
Peak Re NA launch shows ‘our commitment to expanding into key global markets,’ says CEO Hahn
28th May 2025
Hong Kong-based reinsurer Peak Re has launched and had rated a new North American underwriting entity, Peak Reinsurance North America Ltd. (Peak Re NA), domiciled in Bermuda, demonstrating the company's commitment to growing its footprint in key markets around the world. Peak Re NA is licensed as a Class 3B insurer, ... Read the full article
Kathleen Koh named Vice Chair of ICISA Asia Committee
2nd May 2025
Peak Re, a reinsurance company specialising in property and casualty, life, and health solutions, has announced that Kathleen Koh, Managing Director and Head of Underwriting, Credit and Bond, has been appointed Vice Chair of the Asia Committee of the International Credit Insurance & Surety Association (ICISA). This appointment recognises Koh's extensive ... Read the full article
Peak Re reports second-best net profit of $187m in 2024 amid challenging market
30th April 2025
Hong Kong-based global reinsurer Peak Re has announced its 2024 full-year financial results, reporting a net profit after tax of $187 million, which marks the company’s second-best results in its 12-year history. The company attributed this success, driven by all of its business units, to its resilience and sustained profitability amid ... Read the full article
Moody’s revises Peak Re’s outlook to positive
14th April 2025
Moody’s Ratings has changed the outlook of Peak Re to positive from stable, citing that the contagion risk from the reinsurer's majority shareholder, Fosun International Limited, is declining. According to the rating agency, the contagion risk, particularly in the form of strain on business growth and financial flexibility, is expected to ... Read the full article
Peak Re generates $187m net profit for 2024
31st March 2025
Hong Kong-based global reinsurer Peak Re experienced a 6.7% year-on-year decrease in net profit to USD 187 million in 2024, according to unaudited figures reported in the annual results of its parent company, Fosun International. Despite this dip in net profit, Peak Re’s gross written premiums (GWP) saw a modest 0.1% ... Read the full article
Peak Re granted licence to operate in GIFT IFSC, India
31st March 2025
Hong Kong-based global reinsurer Peak Reinsurance Company Limited (Peak Re) has secured a reinsurance branch licence as an IFSC Insurance Office (IIO) from the International Financial Services Centres Authority (IFSCA) on 20 February 2025 to conduct reinsurance business. The IIO, established in Gujarat International Finance Tec-City International Financial Services Centre (GIFT ... Read the full article
Evolving risk landscape presents new challenges for re/insurers in Asia: Peak Re’s Hahn
17th September 2024
One of the biggest challenges currently facing the Asian re/insurance market is the substantial protection gaps, particularly for natural catastrophes, according to Franz-Josef Hahn, Chief Executive Officer of Peak Re. Reinsurance News spoke to Hahn around this year's Rendez-Vous de Septembre (RVS) in Monte Carlo about a range of topics, such ... Read the full article
AM Best revises Peak Re’s outlook to stable
29th August 2024
Hong Kong-domiciled reinsurer, Peak Reinsurance Company Limited’s outlook has been revised to stable from negative by ratings agency AM Best. The revision is driven by the agency’s view of Peak Re’s ultimate parent, Fosun’s stabilised credit condition and the subdued likelihood of a potential adverse credit event at the company, which ... Read the full article
Peak Re sees strong H1 profit as GWP swell to $847.9m
28th August 2024
Hong Kong-based reinsurer Peak Re has released its H1 2024 results, reporting GWP of $847.9 million, up from $832.9 million in the same period of 2023. At the same time, Peak Re disclosed an H1 2024 profit of $124.2 million, while its investment results benefitted from rising interest rates. Indeed, with assets ... Read the full article
Peak Re names Peter Hämmerli as Head of Business Operations
27th August 2024
Hong Kong-domiciled global reinsurer Peak Reinsurance Company Limited has appointed Peter Hämmerli as Head of Business Operations, effective August 26th, 2024. Hämmerli will report directly to Franz-Josef Hahn, Chief Executive Officer of Peak Re, and will play a pivotal role in enhancing the firm's global business operations. With over 25 years of ... Read the full article
Peak Re promotes David Menezes to Chief Risk Officer
15th July 2024
Hong Kong-based global reinsurer Peak Re has appointed David Menezes as Chief Risk Officer, effective immediately. Menezes has served as the Deputy Chief Risk Officer at Peak Re since September 2022. Here, he has reportedly been instrumental in upholding Peak Re's high standards of risk management and oversight. Menezes' responsibilities include ensuring regulatory ... Read the full article
Peak Re reports best-ever net profit of $200m in 2023 despite market challenges
2nd May 2024
Hong Kong-domiciled global reinsurer Peak Re has achieved its best-ever net profit of $200 million for the full year 2023, supported by a diversified underwriting portfolio, as well as liquid and quality investment assets, despite a host of market challenges. Peak Re's reinsurance revenue reported for 2023 was $1.56 billion, a ... Read the full article
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