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Based at the heart of the Asia Pacific region in Hong Kong and authorized by the Office of the Commissioner of Insurance of Hong Kong (OCI), Peak Reinsurance Company Limited (“Peak Re”) was licensed in December 2012.
With an initial capital of US$ 550 million, Peak Re is committed to providing innovative and forward looking reinsurance services for our clients across Asia Pacific region, EMEA and the Americas. Our services proposition has further expanded as from June 2014, when Peak Re obtained the license for underwriting long-term reinsurance business from the OCI. This makes our company one of the few locally established reinsurance companies in Asia Pacific, underwriting both life & health and property & casualty reinsurance business. We offer treaty reinsurance services globally, tailor-making risk transfer and capital management solutions to best fit clients’ needs. As at December 31st 2015,
Peak Re is already working with 285 clients in 47 markets globally.
Peak Re’s mission is to modernize the reinsurance industry through a fresh perspective on protecting the prosperity and continuing growth of the Asia Pacific region. We have an unrivalled understanding of this dynamic economic region that increasingly drives the global economy. Our team consists of reinsurance professionals from various cultural backgrounds who have extensive knowledge and expertise in the global and regional markets. On that basis, we effectively blend our local expertise with international experience to benefit our clients. Because we listen, we make decisions with speed and integrity, and we have the commitment and courage to deliver.
The Company is backed by Fosun International Limited (“Fosun”), a leading investment group taking roots in China with a global foothold, and the International Finance Corporation (“IFC”), a member of the World Bank Group focusing on private sector development. The two shareholders have respectively invested 85.1% and 14.9% in the Company. Peak Re is rated “A-” by A.M. Best, a leading international insurance industry credit rating agency.
