Peak Re Announces the Successful Issuance of USD250,000,000 5.35% Perpetual Subordinated Guaranteed Capital Securities - Seite 2

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About Peak Re

Peak Reinsurance Company Limited ("Peak Re") is a Hong Kong-based reinsurance company authorised by the Insurance Authority of Hong Kong. It is one of the locally established reinsurance companies in Asia Pacific, underwriting both life and non-life reinsurance business.

With a shareholder equity of US$1.1 billion as of 31 December 2019, Peak Re enjoys an "A- (stable)" rating by A.M. Best and an "A3 (stable)" rating by Moody's. The Company ranks among the top 30 global reinsurance groups in terms of net written premiums.*.

Peak Re strives to provide innovative and forward-looking reinsurance services for customers in the Asia Pacific, Europe, Middle East and Africa and the Americas. It tailors risk transfer and capital management solutions to best fit clients' needs.

Fosun International Limited (00656.HK) and Prudential Financial, Inc. hold approximately 87% and 13% of Peak Re via Peak Reinsurance Holdings Limited, respectively.

* Source: S&P Top 40 Global Reinsurance Groups 2020

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