We are now even better positioned to act as a strategic partner, deploying our robust capacity to co-create tailored risk solutions and support our clients’ growth ambitions across the globe,” Victor Kuk, Peak Re’s new CEO
Hong Kong:Peak Reinsurance Company(Peak Re), a Hong Kong based reinsurer specialising in emerging markets, announced that Moody’s has upgraded Peak Re’s Insurance Financial Strength Rating (IFSR) to A3 from Baa1.
Moody’s has also upgraded the backed subordinated debt rating of the perpetual subordinated guaranteed capital securities issued by Peak Re’s subsidiary, Peak Re (BVI) Holding Limited to Baa2 (hyb) from Baa3 (hyb). The outlook is stable.
The rating upgrade underscores Peak Re’s strong fundamentals supported by consistent solid operating performance, discipline underwriting, and prudent risk management.
In 2025, the company, with significant exposure to Indian market, delivered a Property & Casualty combined ratio of 87.9% and maintained a robust capitalisation with a Hong Kong Risk-Based Capital ratio of approximately 190%as of year-end 2025 — comfortably above regulatory requirements.
“This A3 upgrade is an unequivocal validation of Peak Re’s formidable financial foundation, our resilient business model, and our unwavering commitment to prudent risk management,” said Victor Kuk, Peak Re’s new CEO.
“ We are now even better positioned to act as a strategic partner, deploying our robust capacity to co-create tailored risk solutions and support our clients’ growth ambitions across the globe,” he added.