Reinsurance News
12th October 2018
Hong Kong domiciled reinsurer, Peak Reinsurance Company Limited (Peak Re), has announced the appointment of David V. Cabral as Chief Operating Officer (COO), effective 8 October 2018. Cabral has more than 35 years of global re/insurance experience, having worked in a variety of markets in start-up environments and building up organisations ... Read the full article
28th August 2018
Hong Kong domiciled reinsurer, Peak Reinsurance Company Limited (Peak Re), grew its gross written premiums by more than 42% in the first-half of the year to US$671.2 million, driven by the continued strengthening of its presence in the Asia-Pacific region. The reinsurer has reported premium income of US$671.2 million for the ... Read the full article
15th August 2018
Hong Kong-based Peak Reinsurance has appointed Li Tao, Vice President of Fosun International and Chief Executive Officer (CEO) of parent company Fosun Insurance Group, as Chairman of its Board of Directors. Alongside Tao’s appointment, Chen Kaihong and Yuan Xi also join the Board as Executive Director and Non-Executive Director respectively; they ... Read the full article
3rd July 2018
The UN Environment’s Principles for Sustainable Insurance Initiative - the largest collaborative initiative between the United Nations and the insurance industry - has partnered with WWF and the UNESCO World Heritage Centre in a move aimed at protecting World Heritage Sites. The statement covers the re/insurance industry’s risk management, insurance and ... Read the full article
11th June 2018
Peak Reinsurance Company Limited, the Hong Kong-based global reinsurer, has announced the appointment of Satoshi Ichihara as Chief Representative of Peak Re in Japan. Ichihara will now be responsible for supporting Peak Re’s business growth and development in Japan, and the company claims his appointment demonstrates its commitment to serving this ... Read the full article
25th May 2018
Hong Kong-based Peak Reinsurance Company (Peak Re) has announced the appointment of Stephen Roder, one of the company’s Co-Founders, as an Independent Non-Executive Director (INED) effective May 2nd, 2018. Roder holds over 20 years’ experience in dealing with global companies and in-depth working experience across the Asia market and has a ... Read the full article
6th April 2018
Peak Reinsurance Company Limited has announced the completion of the sale of a 13.1% stake in Peak Re Holdings to Prudential Financial, Inc. The deal had been planned since February 2018, and was completed via the issuance of new shares to a wholly owned subsidiary of Prudential Financial. Before this transaction, ... Read the full article
28th February 2018
Tower Limited has announced a $22 million settlement agreement with reinsurer Peak Re following a commercial dispute over a 2015 adverse development cover policy. New Zealand-based insurer Tower claimed $43.75 million for costs incurred from the 2011 Canterbury earthquakes covered by the reinsurance policy and sums claimed in the arbitration proceeding. The ... Read the full article
13th February 2018
Hong Kong based reinsurer Peak Reinsurance Company Limited (Peak Re) said this morning that it has taken a minority investment from a subsidiary of U.S.-headquartered Prudential Financial, Inc. The transaction has been achieved through the issuance of new shares in Peak Re, with Prudential Financial taking 13.1% of the reinsurer as ... Read the full article
10th November 2017
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 ... Read the full article
15th September 2017
The Chief Executive Officer (CEO) of Hong Kong domiciled reinsurance company Peak Re, Franz Josef Hahn, believes bridging the protection gap in Asia is one of the re/insurance industry’s biggest opportunities. The global protection gap (disparity between economic and insured losses post-event) has been discussed in the risk transfer industry for ... Read the full article
13th September 2017
Hong Kong domiciled reinsurance company, Peak Re, has chosen Applied Insurance Technologies' platform, TigerEye to support its underwriting strategy. The selection of TigerEye will support the reinsurer's management of catastrophe exposures and also support the optimisation of Peak Re's reinsurance portfolio, says the firm. "At Peak Re, we pride ourselves on our ... Read the full article
1st August 2017
Hong Kong based Peak Re, in collaboration with the Shanghai Typhoon Institute, has predicted a normal level of China's tropical cyclone activity for the second half of 2017 in its first seasonal forecast for China's typhoon risk after initial fears of an El Nino event forming dispersed. About half of the predicted ... Read the full article
28th July 2017
Peak Re said the concept behind the Hong Kong and China insurance regulators' agreement to mutually recognise both market’s solvency regimes is very positive step for Hong Kong and one which the Asian reinsurer believes will open up fresh opportunities for forging new alliances for its underwriting of Chinese business. The ... Read the full article
13th June 2017
Hong Kong domiciled reinsurer Peak Re has been granted approval-in-principle to transact general reinsurance operations through the Labuan insurance market, by the Labuan Financial Services Authority (Labuan FSA), effective 23rd May, 2017. The approval means the reinsurer now has improved access to the Malaysian reinsurance sector, enabling the firm to provide and offer ... Read the full article
