Peak Reinsurance, a new reinsurer aiming to capture the burgeoning Asia-Pacific market, launched yesterday, two weeks after getting official approval to offer underwriting operations in Hong Kong.
Peak Re, which promotes itself as the first regional reinsurer, is funded by Fosun International, an investment group with a focus on China, and the International Finance Corporation, a member of the World Bank Group.
It has initial capital of US$550 million and was rated A-minus by credit rating agency A.M. Best.
via Business feed http://www.scmp.com/business/companies/article/1124225/peak-re-aims-ride-asia-pacific-potential
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