Peak Capital
-
Across a wide range of different ILS strategies, there are a number of managers that have failed to gain critical mass in the past 5 years. -
Iain Reynolds and Andy Souter will replace Kershaw as co-heads of P&C.
-
This suggests the Asia-focused sidecar has grown nearly 40% for 2021.
-
The reinsurer raised $16mn from a new sidecar issuance.
-
Asian reinsurer looks to expand as prices increase.
-
The experienced executive spent a decade in Asia Pacific and ILS roles at Willis Re.
-
The underwriter has over two decades of experience and worked in origination and analytics at NewRe.
-
The issuance follows renewal of the Hong Kong-based reinsurer’s sidecar at $77mn in January.
-
Peak Capital will continue to focus on its flagship retro strategy as it develops fresh offerings.
-
-
Peak Re was able to increase sidecar cover for its global property reinsurance risk portfolio amid stalling ILS capacity this renewal.
-
Lawrence Cheng, underwriting managing director of Peak Re, says reinsurers could have done more to foresee Jebi loss creep.
