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Peak Re sponsors 144A catastrophe bond in Hong Kong

Hong Kong-based global reinsurer, Peak Re has issued a US$150 million 144A catastrophe bond via Black Kite Re Limited, a newly established special purposed insurer in Hong Kong.

As part of the transaction, Peak Re has entered into a retrocession arrangement with Black Kite Re, providing Peak Re with a multi-year protection against typhoon risk in Japan.

“We are extremely proud to sponsor and complete the first ever 144A cat bond issued by a Hong Kong special purpose insurer,” said Franz Josef Hahn, CEO of Peak Re.


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