Peak Re ratings placed on review for downgrade by Moody’sPeak Re’s A3 insurance financial strength rating has been placed on review for downgrade by Moody’s.
Peak Re secures $150mn of retro cover through innovative HK-based cat bondPeak Re has secured $150mn of retrocession coverage through the issuance of a 144A catastrophe bond which the company said is the first to be issued by a Hong Kong-based special purpose insurer (SPI).
Peak Capital bolsters board with ZurbuchenBermuda-based Peak Capital has added Barry Zurbuchen to its board as a non-executive director.
Peak Re names Echo Re’s Nowakowski head of product underwritingHong Kong-based reinsurer Peak Re has appointed Piotr Nowakowski as head of product underwriting for the company’s P&C business.
AM Best signals potential upgrade for Nagico following Peak Re acquisitionNagico’s financial strength rating of B++ has been placed under review with positive implications by AM Best after this publication revealed that Peak Re had reached an agreement to acquire the remaining 50 percent stake in the St Maarten-based Caribbean carrier it does not already hold.
Peak Re acquires remaining stake in Caribbean carrier NagicoHong Kong-based reinsurer Peak Re has agreed a deal to acquire the 50 percent stake in St Maarten-based Caribbean carrier Nagico it does not already hold, The Insurer can reveal.
Peak Re names Swiss Re’s Render as Europe SVPHong Kong-based reinsurer Peak Re has appointed Swiss Re’s Karlheinz Render as senior vice president, Europe, for its wholly owned Swiss subsidiary Peak Reinsurance AG.
Peak Re names Cussigh CEO of its Swiss subsidiaryHong Kong-based reinsurer Peak Re has appointed Matteo Cussigh as CEO for its wholly owned Swiss subsidiary Peak Reinsurance AG.
Peak Re grows GWP 18% as profits climb in 2020Hong Kong-based reinsurer Peak Re defied the Covid-19 headwinds to see its net profit climb to $87.1mn in 2020 with premiums up 18 percent to $1.96bn.
Peak Re hires Hannover Re exec Sascha Bruns as global retro headHong Kong-headquartered Peak Re has named Sascha Bruns as director and head of global retrocession.
Peak Re’s Kershaw to retire; names new P&C co-headsHong Kong-headquartered Peak Re has announced that managing director of global markets and co-head of P&C Chris Kershaw will retire on 2 April 2021.
Peak Re MD and P&C reinsurance co-head Cheng departsPeak Re managing director and co-head of P&C reinsurance Lawrence Cheng has left the business after eight years, The Insurer has learned.
Peak Re grows Lion Rock Re sidecar to $107mn for 2021Hong Kong-headquartered reinsurer Peak Re has renewed its collateralised reinsurance sidecar Lion Rock Re, securing $107mn from investors for 2021.
GIC Re and Peak Re provide binder capacity to Africa Specialty RisksIndia’s GIC Re and Hong Kong-based Peak Re have agreed to provide multi-year binder capacity of up to $25mn per risk to Africa Specialty Risks (ASR), a pan-African reinsurance MGA.
Peak Re diversifies investor base with $250mn capital raiseHong Kong-based reinsurer Peak Re has raised $250mn to take advantage of growth opportunities emerging through the hardening market, expanding its capital base beyond its existing private investors for the first time.
Peak Re names Swiss Re’s Wong as chief economistHong Kong-headquartered Peak Re has named Swiss Re’s Clarence Wong as chief economist.
Peak Re hires Pioneer’s Souter as director of marketsPeak Re has appointed Andew Souter as director of markets, a role that will include responsibility for developing the company’s P&C reinsurance business.
Peak Re hires NewRe’s Cussigh to lead European expansionHong Kong-headquartered Peak Re has named Matteo Cussigh as senior vice president of markets as the carrier looks to expand its footprint in Europe.
Peak Re sees H1 net profit increase 93% YoYPeak Re’s net profit for the first half of 2020 almost doubled year on year to $26.1mn, while the reinsurer also enjoyed a “stable” period of premium growth which came about despite the impact of Covid-19.
Fosun-backed Peak Re receives Moody’s boostPeak Re, the Fosun-owned Hong Kong reinsurer, has received an A3 Moody’s financial strength rating to complement its A- AM Best rating.