Hong Kong, 5 September 2025 – Peak Reinsurance Company Limited (“Peak Re”), a leading global reinsurer headquartered in Hong Kong, is pleased to announce that AM Best has reaffirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings of a- (Excellent) of Peak Re and its subsidiaries, Peak Reinsurance AG in Switzerland and Peak Reinsurance North America Ltd. in Bermuda. The rating agency has also affirmed that the outlook for these Credit Ratings (ratings) remains stable.

AM Best highlighted several key factors in its decision, including:

• Very Strong Balance Sheet Strength: Peak Re’s capitalization is expected to remain robust in the short to medium term, supported by favorable underwriting and investment performance, good financial agility in accessing traditional and alternative capital markets, prudent investment risk profile, comprehensive retrocession programme and strong liquidity.
• Adequate Operating Performance: Peak Re remained profitable, thanks to positive reinsurance revenue and investment results stemming from its diversified underwriting portfolio by lines of business and by geography and prudent investment approach. It continues to operate efficiently with a lean and efficient operational model.
• Appropriate Enterprise Risk Management and Neutral Impact from Parent Group: Peak Re has demonstrated a track record of effective mitigation of potential contagion risk related to its parent company, Fosun International Limited, whose the credit fundamentals are weaker.

Franz Josef Hahn, CEO of Peak Re, commented: "AM Best's reaffirmation of our A- rating with a stable outlook underscores our disciplined underwriting, prudent investment strategies, and robust risk-adjusted capitalisation. Importantly, it recognises the effectiveness of our ring-fencing measures, which ensure Peak Re’s financial strength and independence from our shareholders. As we navigate an increasingly dynamic reinsurance environment, this reaffirmation reflects not only our strategic positioning and commitment to sustainable growth, but also the courage that defines Peak Re—empowering us to confidently pursue new opportunities, support our partners, and deliver exceptional value as a trusted reinsurer.”

For more information on the rating, please see AM Best's press release.

For more information on Peak Re and its services, please visit www.peak-re.com.