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Greg Solomon joins Peak Re as Head of Life & Health

7th November 2019

Hong Kong based global reinsurer Peak Reinsurance Company Limited (Peak Re) has announced that Greg Solomon has joined the company as Managing Director of Life & Health, effective November 1, 2019. Solomon arrives from Willis Towers Watson, where he was in charge of Life & Health Reinsurance Broking for all of ... Read the full article

Peak Re profits down 55% in H1 despite premium growth

27th August 2019

Hong Kong domiciled reinsurer Peak Reinsurance Company Limited (Peak Re) saw its net profit slide 55% over the first six months of 2019 despite significant premium growth. Peak Re recorded net profit of US $13.5 million in H1 2019, down from $30.2 million for the same period last year and ... Read the full article

Peak Re develops unique, cancer multi-protection policy for Vietnam

13th June 2019

Hong Kong domiciled global reinsurer, Peak Reinsurance Company Limited (Peak Re) has announced the creation of a unique multiple cancer benefits reinsurance solution for Vietnam. Peak Re states that the development of this solution is part of its broader strategy to support the evolving needs of the emerging middle class and ... Read the full article

Cat losses push Peak Re’s profit down to $19.5mn in 2018

10th May 2019

Hong Kong domiciled reinsurer Peak Reinsurance Company Limited (Peak Re) reported net profit of $19.5 million for 2018 as its earnings were impacted by several large natural catastrophe events. The reinsurer’s combined ratio for the year was 98.3%, with 2018 representing the sixth consecutive year of growth for the company despite ... Read the full article

Peak Re CEO Hahn becomes member of Geneva Association

29th April 2019

Hong Kong domiciled reinsurer, Peak Reinsurance Company Limited (Peak Re), has announced that its Chief Executive Officer, Franz Josef Hahn, has become a member of The Geneva Association, an international think tank for re/insurance and risk management issues. Established in 1973, The Geneva Association is a non-profit organisation funded by its ... Read the full article

Technology key in closing emerging Asia’s life, health protection gap: survey

10th April 2019

Increasing rates of cancer, diabetes and cardiovascular diseases constitute emerging Asia’s single most important life & health protection gap, according to a survey conducted by research, communication and business development consultancy firm Dr. Schanz, Alms & Company. The findings - part of the Peak Re-sponsored Emerging Asia Life Insurance Pulse survey - ... Read the full article

Emerging Asia’s expanding ecosystem is substantial, self-sufficient: Peak Re’s Kershaw

8th March 2019

There’s an expanding ecosystem in emerging Asia which is now substantial and self sufficient for the majority of its business, according to Peak Re’s Managing Director of Global Markets, Chris Kershaw. Addressing an audience yesterday in the Old Library at the Lloyd’s of London headquarters, Kershaw said it is no longer ... Read the full article

Peak Re secures $75mn of retrocession in Asia’s first sidecar deal

10th December 2018

Hong Kong domiciled reinsurer, Peak Reinsurance Company Limited (Peak Re), has secured $75 million of collateralised retrocession from private investors via its new Bermuda-domiciled special purpose insurer, Lion Rock Re Ltd. The deal is Asia’s first sidecar transaction and Peak Re claims that it represents an important milestone for the region’s ... Read the full article

Asia-Pacific will remain our core: Peak Re’s Chris Kershaw

26th October 2018

China is a big part of Peak Reinsurance’s current portfolio and will continue to be so, while the increasing opportunities in India have only just started to be addressed, according to the company’s Managing Director of Global Markets, Chris Kershaw. In a recent interview with Reinsurance News Kershaw laid out his ... Read the full article

Peak Re names David Cabral as Chief Operating Officer

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

Private sector vital to successful closing of Asia’s protection gap: Peak Re’s Kershaw

20th September 2018

As Asia’s increasing economic prosperity continues to drive its countries to further develop and expand infrastructure, reinsurers are faced with one of its most important and complex tasks of the 21st century: ensuring that these regions and its people are protected from the inevitable impact of future natural catastrophes. The Managing ... Read the full article

China & India drive premium growth at Peak Re in 2018

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

Peak Re appoints Fosun Insurance CEO Li Tao as Chairman of its Board

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

Leading re/insurers in effort to protect World Heritage Sites

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

Peak Re appoints Satoshi Ichihara as Chief Representative in Japan

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

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