Peak Reinsurance Company Ltd., also known as Peak Re, is a global reinsurer based in Hong Kong. In 2024, it reported gross written premiums of $1.7 billion and a net profit of $187 million.
Peak Re was founded in 2012 in Hong Kong to offer reinsurance services. It began underwriting general reinsurance that same year with strong support from Asia-based clients.
Today, the firm is one of the top 30 global reinsurers. Below are other key moments in Peak Reinsurance Company Ltd.’s growth and expansion over the years:
- 2013: delivered profit in first full year and served 87 Asia-Pacific clients
- 2014: began writing long-term and credit reinsurance in Hong Kong
- 2015: premiums crossed $500 million with Zurich branch set up
- 2016: opened Zurich subsidiary and acquired 50 percent stake in NAGICO Holdings
- 2017: expanded into Singapore and Labuan with over $1 billion in premiums
- 2018: launched Lion Rock Re and welcomed Prudential Financial as investor
- 2019: named among top 30 global reinsurers by S&P Global Ratings
- 2020: acquired Lutece Holdings and issued listed subordinated capital securities
- 2021: entered UK longevity reinsurance and grew Lion Rock Re program
- 2022: launched first catastrophe bond and moved to a new Hong Kong HQ
- 2023: posted record $200 million profit and earned two Asia-based reinsurance awards
In recent years, it has sharpened its focus on Asia and digital markets. In 2025, Peak Re secured a reinsurance license to operate in India’s GIFT IFSC, expanding its regional presence.
Peak Reinsurance Company Ltd. offers a wide range of reinsurance solutions built for global and local needs. These are grouped into key areas:
Property and casualty reinsurance
- property reinsurance: covers damage to buildings and assets from natural or man-made events
- motor reinsurance: absorbs risks linked to vehicle crashes, liability, and third-party claims
- general liability reinsurance: protects insurers from injury or property damage lawsuits
- pecuniary reinsurance: supports claims from credit loss, business interruption, or financial risk
- structured reinsurance: combines capital support with multi-year, event-based protection
Life and health reinsurance
- life reinsurance: helps cover death claims and reduces insurers’ long-term capital strain
- accident and health reinsurance: spreads health and disability risk for better portfolio stability
- longevity reinsurance: protects against longer life expectancy in pensions and annuity books
Structured solutions
- sidecar transactions: shifts peak risk to outside investors through special reinsurance vehicles
- catastrophe bonds: offers funding for rare, high-cost events like typhoons and earthquakes
- capital management support: helps insurers with solvency relief and cash-flow flexibility
Peak Re has built a diverse reinsurance platform rooted in Asia with global reach. Its services help reduce risk, support economies, and improve long-term resilience.
Peak Reinsurance Company Ltd. offers a dynamic, inclusive culture with space to lead and grow careers. Its core values—agility, culture, and insights—guide how it works and supports long-term progress.
Workplace environment and benefits
Employees are seen as the company’s driving force and are supported through care, empowerment, and respect. They are also provided with:
- career development: personalized training, mentorship, and support for all career stages
- well-being: full healthcare, wellness programs, and fitness and health-related sessions
- global opportunity: job rotations, international projects, and global learning exposure
- work-life balance: personal leave, wellness time, and flexibility to meet daily needs
- learning culture: leadership programs and skill-building plans that promote growth
- advancement paths: open mobility and clear steps toward career progression
Peak Re values global voices and welcomes people with different ideas, backgrounds, and experience.
Sustainability approach
Peak Reinsurance Company Ltd. has embedded the IFC’s sustainability framework into its risk and governance practices:
- ESG training: mandatory e-learning since 2023
- diversity and inclusion: zero-tolerance policy on discrimination
- complaints policy: includes employee whistle-blower support
The company actively works with governments, academics, and industry groups to improve ESG in reinsurance.
Diversity approach
Peak Reinsurance Company Ltd. values diverse thinking shaped by different cultures, generations, and personal experiences. The team is made up of:
- 44 percent leadership: women in operational leadership roles
- 21+ nationalities: diverse workforce across multiple countries
- 23+ languages: multilingual team members across all locations
As a global company based in Hong Kong, Peak Re reflects the international nature of today’s reinsurance world.
Peak Re reported its second-highest annual profit, earning $187 million in 2024. Strong underwriting, steady premiums, and stable ratings helped support this result across reinsurance lines. The company aims to build on this momentum by expanding its reach and client partnerships.
The firm launched Peak Reinsurance North America Ltd., a Bermuda-based subsidiary focused on casualty reinsurance. This move helps realign the group’s US portfolio under one regional platform. Peak Reinsurance Company Ltd. looks to deepen its client focus and support long-term growth through local presence.
