Peak Re enters North America with new Bermuda-based entity

Peak Re , a Hong Kong-based global reinsurer, has launched Peak Reinsurance North America Ltd., a Bermuda-based subsidiary licensed as a Class 3B insurer. The move expands Peak Re’s reach into the North American casualty reinsurance market, with a focus on diversification and portfolio growth.

AM Best has assigned the new entity an A- (Excellent) financial strength rating and a stable outlook, aligning it with the parent company’s strategic goals.

Peak Re NA will underwrite casualty reinsurance and operate as part of the broader Peak Re group. Bermuda’s regulatory environment and reinsurance ecosystem were key factors in choosing the location.

Founded in 2012, Peak Re serves clients in Asia, Europe, and the Americas, and is rated A- by AM Best.