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Peak Re

Insurance must be an integrated part of a better future: Peak Re CEO

16th October 2020

Peak Re Chief Executive Officer Franz Josef Hahn has underlined how the insurance industry must be an integrated part of working towards a better future. In a conversation at one of Aon’s recent fireside chats with industry leaders, Hahn spoke at length about how emerging risks such as cyber and climate ... Read the full article

A tsunami of price & condition strengthening is coming, says Peak Re CEO Hahn

14th October 2020

After a prolonged soft market state, characterised by fading margins amid low interest rates, elevated catastrophe losses and inadequate rates, the reinsurance industry can expect to see a significant amount of price and condition strengthening, according to Franz Josef Hahn, Chief Executive Officer (CEO) of Hong Kong reinsurer, Peak Re. "Everybody ... Read the full article

Peak Re names Pioneer’s Andrew Souter as Director of Markets

23rd September 2020

Hong Kong domiciled reinsurer, Peak Reinsurance Company Limited (Peak Re), has named Andrew Souter as its Director of Markets, effective early November 2020. In his new role, Souter will take oversight of the clients' portfolio in Global Markets and will be responsible for developing Peak Re's Property & Casualty (P&C) reinsurance ... Read the full article

Peak Re names Matteo Cussigh as SVP of Markets

16th September 2020

Hong Kong domiciled reinsurer, Peak Reinsurance Company Limited, has announced the appointment of Matteo Cussigh from NewRe as Senior Vice President (SVP) of Markets. Cussigh brings two decades of reinsurance industry service to the role, with experience in both traditional reinsurance and alternative risk tools with brokers and reinsurers. Prior to Peak ... Read the full article

Peak Re posts robust performance in H1, COVID-19 impact “mild”

28th August 2020

Hong Kong domiciled reinsurer Peak Reinsurance has reported a net income of $26.1 million over the first half of 2020, up from $13.5 million in the prior year period. Despite the negative impact COVID-19 continues to have on overall re/insurance industry performance, Peak Re's results in the period are strong. In fact, ... Read the full article

Alternative capital surge imminent in emerging Asia: Peak Re CEO

23rd July 2020

Strong growth prospects across regions in the emerging Asian market, combined with low penetration rates and rising loss values, means a surge in the use of alternative capital is imminent. This is according to Peak Re CEO Franz Josef Hahn, who stressed the growing importance of insurance-linked securities (ILS) in the ... Read the full article

Peak Re assigned first-time A3 rating by Moody’s

16th June 2020

Hong Kong domiciled reinsurer, Peak Reinsurance Company Limited, has received an A3 insurance financial strength rating (IFSR) from Moody's Investors Service, while the outlook on the rating is stable. Moody's highlights the reinsurance company's good franchise in the Asian reinsurance sector, robust capitalisation, expanding product and geographical diversification, alongside a growing ... Read the full article

Peak Re wraps up Lutece Holdings acquisition

5th May 2020

Hong Kong-based reinsurer Peak Re has completed its acquisition of the capital of Lutece Holdings and its subsidiary Lutece Investment Management, which will be renamed Peak Capital. The Bermuda-based ILS investment specialist is now a wholly owned subsidiary of Peak Re. The completion of the transaction follows the fulfilment of customary closing ... Read the full article

Peak Re reports higher profit & premium income in “balanced” 2019

4th May 2020

Hong Kong-based reinsurer Peak Re has reported a year-on-year rise in net profit in 2019 to USD 35 million, despite the impacts of frequent natural catastrophe events and market volatility. Net profit for the full-year improved on the $19.5 million recorded in 2018, with a strong performance recorded in both its ... Read the full article

Peak Re targets enhanced ILS capabilities with Lutece acquisition

8th April 2020

Hong Kong domiciled reinsurer Peak Re has strengthened its insurance-linked securities (ILS) capabilities with the acquisition of Bermuda-based ILS asset manager, Lutece Holdings Ltd. and its subsidiary Lutece Investment Management Ltd. Peak Re has entered into definitive agreements to acquire 100% of the capital of Lutece Holdings and its subsidiary, with ... Read the full article

Peak Re renews, expands Lion Rock Re sidecar for 2020

7th January 2020

Hong Kong-based global reinsurer Peak Re has renewed and upsized Lion Rock Re, the first Asian sidecar. At $77 million, Lion Rock Re II saw investors exceed the $75 million raised by the sidecar’s first iteration in 2018. To effect the arrangement, Lion Rock Re II entered into an exclusive quota ... Read the full article

Peak Re receives ratings affirmation from AM Best

19th December 2019

AM Best has affirmed its financial strength and credit ratings for Hong Kong-based reinsurer Peak Reinsurance Company Limited (Peak Re), citing robust capitalisation, improved investment risk, and strong liquidity. The rating agency upheld its financial strength rating of A- (Excellent) and its long-term issuer credit rating of ‘a-‘ for both Peak ... Read the full article

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

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