Strengthen its position in one of the world’s largest markets

Peak Reinsurance Company Limited (“Peak Re”), the multi-line Hong Kong based reinsurer, is pleased to announce the appointment of Helen Qian Mei Hong as Director for China Market. Ms. Qian joins to further develop Peak Re’s business in China and underscore the commitment to this core market for the reinsurer.

China is a key market for Peak Re as it seeks to deliver in its mission to protect the emerging middle class society and build its business in this important market. With the strong and long-term support from their major shareholder, Fosun Group, Peak Re has successfully established a solid presence in the Chinese reinsurance market since their launch. Bringing in Ms. Qian demonstrates Peak Re’s commitment to further build expertise and better serve clients in China.

Ms. Qian has 23 years of insurance and reinsurance experience with in-depth knowledge and excellent relationships within the Chinese insurance and reinsurance industry. She has extensive experience in risk management and ERM (enterprise risk management). Prior to joining Peak Re, Ms. Qian held senior positions in various insurance companies such as China Pacific Property Insurance and Ping An Property & Casualty Insurance, which she last served as General Manager of Reinsurance department.

Commenting on the appointment, Franz Josef Hahn, Chief Executive Officer of Peak Re, said: “We are excited to have Helen with us. With the extensive experience Helen has within the Chinese insurance and reinsurance market, together with our existing outstanding underwriting and analytics team, Peak Re is able to build the strong ‘China’ team to serve our clients. This appointment is a strategic move for Peak Re in stepping up as one of the leaders in this important market.”

About Peak Re

Peak Re is headquartered in Hong Kong with an initial capital base of US$550 million. 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 and the International Finance Corporation, member of the World Bank Group, who have respectively invested 85.1% and 14.9% in the Company.

Peak Re offers reinsurance treaty services covering a range of lines across Asia Pacific, tailor-making risk transfer and capital management vehicles to best fit clients’ needs.