Having recently completed the sponsorship of its first ever catastrophe bond, Hong Kong headquartered global reinsurer Peak Reinsurance Company (Peak Re) wants to play an important role in helping to develop Asia’s insurance-linked securities (ILS) market and building regional resilience.
This is according to Franz Josef Hahn, CEO of Peak Re, who in commenting on the completion of the Hong Kong domiciled Black Kite Re Limited (Series 2022-1) catastrophe bond issuance said the reinsurance company aims to continue its partnership with ILS investors.
Peak Re’s first cat bond priced recently to provide the company $150 million of Japanese typhoon industry-loss based retrocessional protection.
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