Peak Re named Asian Reinsurer of the Year by Asian Banking and Finance Magazine
Peak Reinsurance Company Limited (“Peak Re”), the Hong Kong based global reinsurer, has been named “Asian Reinsurer of the Year” at the inaugural Asian Banking and Finance Insurance Asia Awards 2016 held in Singapore on 20 July 2016.
Asian Banking and Finance editor, Timothy Charlton said: “Peak Re’s entry submission was very impressive. Apart from its sustained profitability from year one, Peak Re also illustrates its ability to pay claims swiftly when needed, highlighting its unique underwriting approach of looking at risk from a different perspective. Peak Re was a deserving winner for Asian Reinsurer of the Year award.”
Franz-Josef Hahn, Chief Executive Officer of Peak Re, commented: “We are very encouraged by this award. Peak Re exists to protect and sustain growth and prosperity. We understand that as the world economic system globalises and grows, complex new risks emerge and hence the need for new risk and capital management solutions. Peak Re works hand-in-hand with our clients to offer meaningful reinsurance solutions – solutions that address specific market challenges in support of long-term growth. This award proves that we are moving on the right track.”
“I want to dedicate this win to the Peak Re team – without which – this would not have been possible.” added Mr. Hahn.
The Insurance Asia Awards honour companies who rise above the challenges and recognise their initiatives and practices that make the most of the lucrative opportunities in the insurance market. Key judging criteria include:
- Uniqueness & Innovation
- Effectiveness & Impact
- Dynamism
