Reinsurance News
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
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
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
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
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
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
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
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
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
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
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
