1/1 renewals: Reinsurers stay selective as buyer’s market emerges

Risk-adjusted reductions creep in, but some APAC markets need structural changes.

Insurance firms look to new talent strategies to fill projected “big hole”

Peak Re CEO Franz-Josef Hahn warns of looming gap, with Hahn and other experts emphasising the need to attract diverse talent, develop individuals, and redefine what a role in insurance means.

AM Best upgrades Peak Re’s outlook to Stable

AM Best affirms ratings while upgrading outlook, noting parent company’s improved access to funding and bank support to mitigate liquidity and refinancing risks.

Peak Re reports US$124.2m net profit in H1 2024

COR rises slightly, but reinsurer reports growth in L&H business, while P&C GWP increases to US$847.9m.

Peak Re appoints Peter Hämmerli as Head of Business Operations

Hämmerli brings 25 years of reinsurance experience to the Hong Kong-headquartered global reinsurer.

David Menezes promoted to Chief Risk Officer at Peak Re

Menezes joined the reinsurer in 2016 and has been serving as Deputy CRO since September 2022.

APAC insurers face systemic change due to evolving climate, cyber, and tech risks, say panellists

Protection gaps are visible across APAC and insurance providers need to adapt, said industry experts at the Digital Insurance APAC conference.

Peak Re expands Structured Solutions to include P&C, with new team led by Chenwei Li

Li (pictured left) will lead new team, suppported by Senior Actuaries Tony Zhong (pictured middle) and Min Zhang (pictured right).

Peak Re sees record US$200m net profit in 2023

HK-headquartered reinsurer records significant turnaround from US$261m loss in 2022, according to unaudited figures from its parent company’s annual results.

Peak Re: Indian middle class willing to pay the most for cyber cover

India’s burgeoning middle class emerges as most willing to pay for cyber across emerging Asian markets, with mental health also a rising concern.

Peak Re has ‘Excellent’ ratings affirmed by AM Best amid record H1

After its first loss in 2022, the Hong Kong-headquartered reinsurer bounced back to achieve record profit in H1 2023; though AM Best maintained a negative outlook —warning of potential contagion risk due to majority shareholder Fosun’s weakened credit fundamentals.

CEO Hahn confident Peak Re will have one of its most profitable years after strong H1 2023

Despite a drop in revenue, Peak Re posted a first half net profit of US$160m in 2023, a sharp turnaround from a loss of US$103m in 2022.