Peak Capital

Peak Reinsurance Company (Peak Re), a global reinsurer headquartered in Hong Kong, has plans to “reignite” its third-party capital management business in 2027, seeing itself as having a differentiated offering for investors and wanting to become more sophisticated in the space, Chief Underwriting Officer Philip Hough told Artemis.

Hong Kong headquartered global reinsurance company Peak Re’s CEO sees opportunities on both sides of the insurance-linked securities (ILS) market in Asia, with both risk and capital targets for the company over the long-term.

There’s a very real and vast opportunity for sustained insurance sector growth across emerging Asia over the next decade, and insurance-linked securities (ILS) capacity will be required, according to executives at Hong Kong domiciled reinsurance company Peak Re.

With PMLs continuing to rise across numerous parts of emerging Asia, the need for insurance-linked securities (ILS) or alternative reinsurance capital is becoming increasingly vital, according to executives at Hong Kong domiciled reinsurer, Peak Re.

Peak Re said this morning that its previously announced acquisition of Bermuda-based insurance-linked securities (ILS) asset manager Lutece has now completed and the unit is being rebranded as Peak Capital.

Peak Reinsurance Company Limited (Peak Re), the Hong Kong headquartered, Fosun backed global reinsurer, aims to become the Asian leader in insurance-linked securities (ILS) with its acquisition of Lutece, while also benefiting from a new foothold in the Bermuda market, CEO Franz Josef Hahn explained to Artemis.

Peak Reinsurance Company Limited (Peak Re), the Hong Kong headquartered global reinsurer that is majority backed by Fosun International, said this morning it has entered into a definitive agreement to acquire Bermuda-based insurance-linked securities (ILS) asset manager Lutece, which it will rename Peak Capital.