Peak Reinsurance Company Limited (“Peak Re”), a Hong Kong-based global reinsurer and one of ICMIF’s Supporting Members, today announced that it has won the “Asian Reinsurer of the Year” award at the Asian Banking and Finance Insurance Asia Awards 2020.
The award honours Peak Re’s unique approach of contributing to the sustainable development of the insurance industry and helping society prosper by providing protection to people under the umbrella of insurance. Since its foundation in 2012, Peak Re has built a leading reinsurance platform from its base in Asia with a geographical reach encompassing close to 600 clients in over 70 countries.
Looking back at the past twelve months, Peak Re says it has delivered a strong result in 2019, smoothly navigating through a year of frequent natural catastrophes and high financial market volatility. Continuing in 2020, Peak Re further strengthened its alternative capital markets capabilities with the acquisition of Bermuda-based Insurance-Linked Securities investment specialist, Lutece, and the formation of Peak Capital. In June 2020 Moody’s Investors Service rated Peak Re for the first time, assigning it an A3 insurance financial strength rating with a stable outlook.
Franz Josef Hahn (pictured), Chief Executive Officer of Peak Re, said: “We are very honoured to be recognised as the best Asian reinsurer for the fifth time in a row at this prestigious Asian insurance awards event. It is a true testimony to Peak Re’s team of more than 110 employees who consistently provide excellent services to our clients worldwide, working together towards a better future for the emerging middle-class society in Asia and around the globe.”