Reinsurance News
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
18th May 2017
Global expansion and diversification both by territory and line of business is seen as key for Hong Kong headquartered reinsurer, Peak Reinsurance Company Limited (Peak Re). With a portfolio that was predominantly Asia Pacific focused just a year or two ago, Peak Re has been taking steps to grow into new ... Read the full article
3rd April 2017
Hong Kong headquartered reinsurer, Peak Reinsurance Company Limited (Peak Re), has underlined the significance of gaining Solvency II equivalency via the establishment of its reinsurance subsidiary in Zurich, Switzerland. "Peak Re's new European subsidiary will go a long way in broadening its footprint in this part of the world. The Solvency ... Read the full article
31st March 2017
Bloomberg News has reported this morning that Chinese conglomerate Fosun International is planning an initial public offering for its reinsurance unit, Peak Reinsurance Company. Bloomberg reports that sources told the news agency that Fosun is looking for investors for around $300 million of Peak Re's shares in advance of ... Read the full article
10th January 2017
Peak Reinsurance Company (Peak Re) has upgraded its underwriting and claims management system with Appion - a new "low-code" platform. The Global Top-50 reinsurance firm has long been an avid-user of the latest digital technologies, ensuring its systems are open, transparent and responsive. "Peak Re is committed to investing in technology," said ... Read the full article
23rd December 2016
Peak Reinsurance Company Ltd., a top 50 global reinsurance firm from Hong Kong, has been granted approval to set up a subsidiary, Peak Reinsurance AG, by the Swiss Financial Market Supervisory Authority (FINMA). Peak Re AG, which will be the firm's main underwriting hub in continental Europe, will be based in ... Read the full article
