Peak Re awarded “Asian Reinsurer of the Year” for second consecutive year

Peak Reinsurance Company Limited (“Peak Re” or “the Company”), wins the “Asian Reinsurer of the Year” award for the second consecutive year at the Asian Banking and Finance Insurance Asia Awards 2017 held in Singapore on 13th July 2017.

CEO of Peak Re, Franz-Josef Hahn accepted the award at the ceremony, where he said: “We are delighted to receive this recognition from Asian Banking and Finance magazine. This award is a testament to the dedication of our employees. We strive to be the most valued reinsurance partner for our clients and stakeholders who seek responsive, reliable and intelligent solutions tailored to their requirements.”

The award aims to honour the companies that rise above the challenges under the current risk-increasing environment and to recognise their excellence and innovation in the insurance industry over the past 12 months.

The key judging criteria are based on three factors: (i) Uniqueness & Innovation, (ii) Effectiveness and (iii) Impact and Dynamism.

Peak Re is honoured to receive an award citation from the judging panel, which highlighted Peak Re’s ability to maintain its combined ratio of 97.6% that  saw 80% of its new business coming from current customers.

The judging panel also praised Peak Re’s efficient claims management noting that:  “It is now leading the market in efficient claims management. The firm was able to settle 90% of legitimate claims swiftly within five working days—an undeniable proof of its unmatched policies, systems, and most importantly, people.”

ABFAwards 2017 275

Franz-Josef Hahn (right), CEO of Peak Re received the “Asian Reinsurer of the Year” award from Asian Banking and Finance magazine.

 

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About Peak Re

Peak Re is headquartered in Hong Kong with shareholder funds of US$841.1 million as of 31 December 2016. It is authorized by the Office of the Commissioner of Insurance of Hong Kong and is rated “A-” by A.M. Best, a leading international insurance industry credit rating agency. The Company is backed by Fosun International Limited (HK.656) and the International Finance Corporation, member of the World Bank Group, who have respectively invested 86.93% and 13.07% in the Company. Peak Re offers reinsurance services covering a range of lines across Asia Pacific, EMEA and the Americas, tailor-making risk transfer and capital management solutions to best fit clients’ needs.

 

For media enquiries, please contact:

 

Edward Ion

Managing Partner

Helix Media Pte Ltd

Tel: +65 91116871

Email: edward.ion@helixmedia.asia

Henner Alms

Partner

Dr. Schanz, Alms & Company

Tel: +41 44 256 1082

Email: henner.alms@schanz-alms.com

 

Beverly Yau

Vice President

Corporate Communications

Peak Reinsurance Company Limited

Tel +852 3509 6529

M  +852 6970 7576

Email:  beverly@peak-re.com

 

Sherring Mak

Assistant Vice President

Corporate Communications

Peak Reinsurance Company Limited

Tel +852 3509 6545

M  +852 9271 6680

Email:  sherring@peak-re.com

 

 

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