A M Best Company (via Public) / AM Best Affirms Credit Ratings of Peak Reinsurance Company Limited and Its Subsidiary publicnow.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from publicnow.com Daily Mail and Mail on Sunday newspapers.
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Peak Reinsurance Company Limited and its subsidiary, Peak Reinsurance AG. The company’ s capital and surplus grew significantly in 2020 due to the issuance of perpetual subordinated guaranteed capital securities of USD 250 million during the year.
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AM Best Affirms Credit Ratings of Peak Reinsurance Company Limited and Its Subsidiary
December 15, 2020 GMT
HONG KONG (BUSINESS WIRE) Dec 15, 2020
AM Best affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Peak Reinsurance Company Limited (Peak Re) (Hong Kong) and its subsidiary, Peak Reinsurance AG (Switzerland). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect Peak Re’s balance sheet strength, which AM Best categorises as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
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