Hong Kong headquartered global reinsurance company Peak Re is back in the catastrophe bond market, with a target to secure $50 million or more in retrocession from this Black Kite Re Limited (Series 2025-1) issuance across a broader range of perils than its first cat bond covered.
Peak Re’s debut catastrophe bond in 2022 secured the company $150 million of Japanese typhoon retrocession on an industry-loss trigger basis from the Black Kite Re Limited (Series 2022-1) deal.
It was the first Rule 144A catastrophe bond to be issued out of Hong Kong at the time and it’s encouraging to see Peak Re returning to use that domicile for issuance again.
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