Peak Re expands to Europe

Peak Re, the four-year old Hong Kong-based global reinsurer, has been granted the approval by the Swiss Financial Market Supervisory Authority to establish a subsidiary, “Peak Re AG”, based in Zurich which is licensed to accept reinsurance business come January 1, 2017. The reinsurer was recently recognized as one of the Top 50 global reinsurance groups, by gross written premium, ranked by A.M. Best. Fosun International Limited (aka ‘backer’) is extremely pleased.