Reinsurance News
Peak Re
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
Peak Re appoints co-founder Stephen Roder as Independent Non-Exec Director
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
Peak Re completes sale of 13.1% stake to Prudential Financial
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
Tower and Peak Re reach $22m settlement
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
Peak Re takes minority investment from Prudential Financial
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
Peak Re gets Singapore approval as Life & General reinsurer
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