HONG KONG, 24 April 2026 – Peak Reinsurance Company Limited (“Peak Re” or the “Company”), a global reinsurer specialising in emerging markets, today announced that Moody’s has upgraded Peak Re’s Insurance Financial Strength Rating (IFSR) to A3 from Baa1. Moody’s has also upgraded the backed subordinated debt rating of the perpetual subordinated guaranteed capital securities issued by Peak Re’s subsidiary, Peak Re (BVI) Holding Limited to Baa2 (hyb) from Baa3 (hyb). The outlook is stable.

The rating upgrade underscores Peak Re’s strong fundamentals supported by consistent solid operating performance, discipline underwriting, and prudent risk management. In 2025, the Company delivered a Property & Casualty combined ratio of 87.9%^[1] and maintained a robust capitalisation with a Hong Kong Risk-Based Capital ratio of approximately 190%^[2] as of year-end 2025 — comfortably above regulatory requirements.

Furthermore, the rating action acknowledges Peak Re’s established effective corporate governance framework and steadfast operational independence. The Company benefits from a strong and independent board, as well as a diversified ownership structure, which was further broadened by the investments by funds managed by KKR and Quadrantis Capital as minority shareholders in January 2026.

“This A3 upgrade is an unequivocal validation of Peak Re’s formidable financial foundation, our resilient business model, and our unwavering commitment to prudent risk management,” said Victor Kuk, Chief Executive Officer of Peak Re. “We have systematically engineered a highly resilient, independent enterprise, characterised by solid capital agility and stringent risk governance. This milestone solidifies our stature as one of the fastest-growing global reinsurers specialising in emerging markets. More importantly, this enhanced financial credibility directly translates into superior value for our clients. We are now even better positioned to act as a strategic partner, deploying our robust capacity to co-create tailored risk solutions and support our clients’ growth ambitions across the globe.”

Peak Re remains fully committed to service excellence, disciplined underwriting, and strategic business growth. By maintaining a robust capital management framework across the jurisdictions in which we operate, the Company will continue delivering sustainable, long-term value to its clients, brokers, and shareholders. 

About Peak Re Peak Reinsurance Company Limited is a global reinsurer headquartered in Hong Kong. Peak Re supports clients globally and specialises in fast-growing markets with property and casualty and life and health reinsurance solutions, combining local insight with global expertise. For more information, please visit www.peak-re.com.

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