With a visionary culture, Peak Re brings new solutions to the reinsurance industry.
The group’s initial capacity of US$550 million makes Peak Re a significant participant in the growing Asia Pacific reinsurance market.
Because we understand each market’s unique characteristics, we craft solutions for our clients in a tailor made, personal way. Our mission is to protect the continuing growth of dynamic economic regions.
Peak Re’s capital is provided by Fosun, a company which is dedicated to becoming premium investment group with a focus on China’s growth momentum, and IFC, a strategic investor. The company envisages a A- rating by AM Best, the leading international insurance industry credit rating agency.
Fosun is committed to growing Peak Re as a stand-alone independent reinsurance company over the long term. The commitment is part of its wider remit of supporting growth companies in the industries in which it operates.
Peak Re is currently licensed as a property and casualty reinsurer by the Office of the Commissioner of Insurance of Hong Kong SAR.
IFC is a long-term investor in Peak Re as part of its strategy of investing in companies that are committed to providing value and expertise in developing markets.
Peak Re brings efficient processes, creative thinking and the right solutions tailored to you and the rapidly changing global reinsurance marketplace, in which we operate.
A dynamic team of highly experienced reinsurance professionals with a diverse range and length of market experience lead our Peak Re team.
Peak Re will pay all legitimate claims promptly and efficiently.
Peak Re recognises that natural catastrophe is the single largest risk across the entire Asia Pacific region. We are investing in knowledge and technology to manage that risk properly.
Peak Re does not write North American long tail liability business but it writes liability classes across the region, some of which may be long tail.
Peak Re employs some of the world’s most experienced and talented underwriters, each with a proven track record of consistently profitable underwriting.
The idea for Peak Re emerged from a group of senior executives in the reinsurance and financial services sectors in Hong Kong. They identified a need for a modernised, more focused approach to unlock the power of reinsurance in the Asia Pacific region.
Asia Pacific is changing rapidly and Peak Re was created because we believe the region needs new risk and capital management solutions.
Peak Re has a visionary culture, meaning the company believes it can change the way reinsurance is transacted in the Asia Pacific region. The change will be evolutionary but profound. It is based on solid and long-standing principles of reinsurance but embraces the power and speed of new technology combined with the dynamism of the expanding Asia Pacific marketplace.