Peak Reinsurance Company, the Hong Kong-based global reinsurer founded in 2012, has received an A3 insurance financial strength rating from Moody's Investors Service, with a stable outlook.
Moody’s said the rating reflects Peak Re’s good franchise in the Asian reinsurance market, solid capitalisation, expanding product and geographic diversification and product mix, with low reserving risks.
Peak Re employs over 110 people, serving more than 560 clients in 73 countries and territories. In April it announced it is acquiring Lutece Holdings, the Bermuda-based ILS asset manager.
Peak Re’s CEO Franz Josef Hahn said he was “extremely delighted” with the rating.
“It is testimony to the years of hard work of our team,” he said.
Peak Re, Moody's, Franz Josef Hahn