Peak Re wins “Asian Reinsurer of the Year” award three years in a row
Peak Reinsurance Company Limited (“Peak Re” or “the Company”), was a proud recipient of the “Asian Reinsurer of the Year” at the Asian Banking and Finance Insurance Asia Awards 2018 for its “prudent underwriting discipline, superior claims management and an outstanding investment performance“ according to the judging panel. Peak Re has been receiving the same award three years in a row.
Eckart Roth, Chief Risk Officer of Peak Re, accepted the award on behalf of the company, said, “We are honoured to receive the recognition once again. Peak Re was established to support the strong growth of insurance industry in Asia and it is very rewarding to see the markets recognising our commitment to Asia. This would not be possible without the passion and hard work put in by our colleagues. It is a strong mandate to continue our journey together with our clients and partners in the industry.”
The annual award honours companies that rise above the challenges and gives credit to their initiatives that maximise the lucrative opportunities in the market over the past 12 months.
About Peak Re
Peak Re is headquartered in Hong Kong with shareholder equity of USD911.6 million as of 31 December 2017, prior to the addition of new investor Prudential Financial, Inc. (“PFI”). It is authorised by the Insurance Authority of Hong Kong and is rated “A-” by A.M. Best, a leading international insurance industry credit rating agency. Fosun International Limited (00656.HK) (“Fosun”) and Prudential Financial, Inc. hold 86.9% and 13.1% of Peak Re via Peak Re Holdings, respectively. 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.