Peak Reinsurance Company Limited (“Peak Re” or the “Guarantor”), a global reinsurer rooted in Asia, rated A- (Stable) by AM Best and Baa1 (Positive) by Moody’s, has completed the issuance of US$350 million perpetual subordinated guaranteed capital securities (the “Securities”) at a coupon of 5.625 per cent. The Securities are issued by Peak Re (BVI) Holding Limited (the “Issuer”), a wholly‑owned subsidiary of Peak Re, and are unconditionally and irrevocably guaranteed by the Guarantor.

The issuance of Securities follows the full redemption on 28 October 2025 of the $250 million perpetual subordinated guaranteed capital securities issued in 2020. The Securities will further strengthen Peak Re’s capital base, enhance underwriting capacity and support Peak Re’s long‑term growth strategy. The hybrid structure provides cost‑efficient capital that complements Peak Re’s conservative balance sheet, supports ratings resilience and preserves financial flexibility across market cycles.

Franz-Josef Hahn, Chief Executive Officer of Peak Re, remarked: “This successful transaction adds durable capital and strengthens our capacity to support clients through the cycle. The strong outcome affirms market confidence in Peak Re and further enhances our resilience as we continue to deliver responsive, sustainable solutions to clients globally.”

Cathy Chen, Chief Financial Officer of Peak Re, said: “We are pleased with the strong demand from a high‑quality and diverse group of investors, including many who supported our inaugural issuance in 2020. With this transaction, we are upsizing our hybrid capital from US$250 million (2020) to US$350 million, broadening our investor base and demonstrating consistent access to international capital markets.”

BNP Paribas, HSBC and Deutsche Bank acted as Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers. ING, MUFG, Société Générale and Standard Chartered Bank acted as Joint Bookrunners and Joint Lead Managers.

This transaction aligns with Peak Re’s commitment to prudent capital management and client‑centric growth. Since its commencement of business in 2012, Peak Re has built a diversified reinsurance platform serving cedents across Life & Health and Property & Casualty lines, supported by disciplined risk selection, robust asset‑liability management and strong governance.

About Peak Re

Peak Reinsurance Company Limited (“Peak Re” or the “Company”) is an emerging market reinsurance specialist with a global portfolio, established to support the growth and stability of societies and communities in Asia and beyond. Since 2012, Peak Re has grown rapidly to rank 27th among global reinsurance groups in terms of net reinsurance premiums written[1], with a strong commitment to innovation and delivering value to our partners. With a financial strength rating of A- (Excellent) by A.M. Best and a strong capital base, Peak Re is a trusted partner for clients across Asia Pacific, Europe, the Middle East and the Americas. www.peak-re.com

Media and investor contacts

For Peak Re:

Media: Zoe Wang — [email protected]

Investors: Jackie Wong – [email protected]

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The distribution of this news release and other information referred to herein may be restricted by law and persons into whose possession this news release or such other information comes should inform themselves about and observe any such restriction.

This news release does not constitute or form part of any offer to purchase, a solicitation of an offer to purchase, an offer to sell or an invitation or solicitation of an offer to sell, issue or subscribe for, securities in or into the United States or in any other jurisdiction. No securities mentioned herein have been, or will be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws or other jurisdiction of the United States and no such securities may be offered or sold in or into the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements under the U.S. Securities Act and any applicable state or local securities laws of the United States. The securities referred to herein will be offered and sold only outside the United States in accordance with Regulation S under the U.S. Securities Act.

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