Sustainable Solutions Driven by Insights and Innovations
Peak Re’s vision is to drive positive, sustainable change by modernising reinsurance and supporting middle-class communities across Asia and beyond by meeting their reinsurance needs.
As an Asia-based global reinsurer, we bring a unique perspective to the table deeply understanding both local and international insurance markets.
At a Glance
Global Portfolio, Unique Approach
Our mission is to modernise reinsurance and address the needs of communities, particularly the emerging middle class in Asia and beyond. We build long-term relationships with our clients, offering stability and delivering value in a dynamic and constantly evolving world.
Gross Written Premium
USD1.76B
Net Profit After Tax
USD187M
Investment Yield
3.6%
All financial figures in this section for the year ended 31 December 2024 are based on IFRS 9 and IFRS 17, unless otherwise stated.
Our Values
Unlock Vision, Embrace Adaptability, and Spark Transformation
Global Reach
Our international network allows us to provide our clients with seamless services across multiple jurisdictions.
Our Business
The Innovative Reinsurance Services
Property & Casualty
Our Property & Casualty team is experienced and skilled in using a unique integrated risk selection process.
Life & Health
Our innovative approach to Life & Health business is grounded in market insights, sound actuarial and underwriting principles, and a commitment to positively impact our clients’ businesses.
Peak Re is an emerging market reinsurance specialist with a global portfolio. Established to support the growth and stability of societies and communities in Asia and beyond.
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Recognitions and Achievements
Recognitions of Peak Re's strong commitment to providing innovative and forward-looking reinsurance services
Our journey to becoming the most valued reinsurer
Milestones
2023
2023
› Reporting a record net profit of USD200 million for the year.
› Published the second Peak Re Emerging Asia Middle-Class Consumer Survey, focusing on consumers’ needs and attitudes towards health, mental well-being and cybersecurity.
› Named “P&C Reinsurer of the Year” at the InsuranceAsia News Awards for Excellence 2023, and “Asian Reinsurer of the Year” at the Insurance Asia Awards 2023.
2022
2022
› Sponsored the first 144A catastrophe bond in Hong Kong to provide the Company with multi-year protection against typhoon risk in Japan.
› Launch of Peak Re’s inaugural Emerging Asia Middle-Class Consumer Survey, highlighting significant re/insurance market opportunities.
› Peak Re Hong Kong Headquarters relocated to an award-winning, energy-efficient office in the WKCDA Tower in the vibrant West Kowloon Cultural District of Hong Kong, enabling Peak Re’s next phase of development.
2021
2021
› Began underwriting longevity business in the UK
› Completed the third Lion Rock Re Ltd. sidecar transaction
2020
2020
› First Hong Kong-based reinsurer to issue publicly-listed perpetual subordinated guaranteed capital securities.
› Completed acquisition of Bermuda-based, insurance-linked securities investment specialist Lutece Holdings Ltd. and its subsidiary and rebranded to Peak Capital Ltd.
2019
2019
> Recognised as a Top 30 Global Reinsurer by S&P Global Ratings (by net reinsurance premiums written).
2018
2018
› Established a representative office in Tokyo, Japan.
› Launched Lion Rock Re Ltd., the first sidecar transaction sponsored by an Asia-based reinsurer.
› Prudential Financial, Inc. became a new Peak Re investor to support future growth.
2017
2017
› Labuan, Malaysia branch established and granted a license to write Labuan general reinsurance business.
› Authorised as a life and general reinsurer in Singapore.
› Premiums exceeded USD1 billion.
2016
2016
› Zurich subsidiary established and granted a license to write property and casualty reinsurance business.
2015
2015
› Established a subsidiary in Zurich, Switzerland.
› Premiums exceeded USD500 million.
2014
2014
› Granted a license to write long-term (class A) reinsurance business in Hong Kong.
› Began underwriting credit and surety reinsurance business.
2013
2013
› Premiums exceeded USD100 million.
› Delivered profit in the first full underwriting year.
› Serving 87 clients in 17 Asia-Pacific markets.
2012
2012
› Granted a license to write general reinsurance business in Hong Kong.
› Began underwriting operations on 28 December 2012.
› Obtained AM Best “A-” rating.
Drive Positive Change for Business and Community With Us
Embark on a transformative journey with us to drive positive change for both businesses and society. Explore rewarding career opportunities that empower you to make a difference in the dynamic world of reinsurance.
Committed to Sustainable Strategy
Dive into our dedication to sustainable practices. Discover how we integrate environmental, social, and governance principles into our operations to ensure a resilient and responsible approach to risk management.
Elevate Your Business
with Peak Re
with Peak Re