Franz Josef Hahn, chief executive at Hong Kong-based Peak Reinsurance Company Ltd., said that tight market conditions in Asia will persist at January 2023 renewals as demand for protection rises.
Peak Reinsurance has closed the issuance of a $150m 144A catastrophe bond via Black Kite Re, a newly established special purpose insurer in Hong Kong. As part of the transaction, Peak Re has entered into a retrocession arrangement with Black Kite Re, providing the company with a multi-year
Peak Re places $150m Black Kite Re cat bond globalreinsurance.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalreinsurance.com Daily Mail and Mail on Sunday newspapers.