Peak Re granted life reinsurance licence in Hong Kong
Peak Reinsurance Company has been granted a licence to underwrite long term reinsurance business by the Office of the Commissioner of Insurance of Hong Kong.
Peak Re believes there are significant opportunities in the life and health market in the Asia Pacific region for reinsurers who understand the region and have a long term commitment to serving their clients and the local societies.
Franz Josef Hahn, CEO of Peak Re, says: “We intend to be an innovative reinsurer that offers a complete suite of reinsurance services to our clients. Having the long term business licence is a major milestone for us as we are now one of the first local start-up reinsurers to underwrite a book of both property and casualty and life and health reinsurance business in the Asia Pacific region.”
Peak Re’s life and health team will be led by Angela Koechli who will oversee the company’s life and health reinsurance business. Prior to Peak Re, Koechli spent three years with Aon Benfield where she was head of life reinsurance in Asia Pacific.
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