by AIP Online Bureau | Apr 15, 2024 | Banking & Bancassurance, Eco/Invest/Demography, International News, Life
“We see the strategic rationale for a combination of banking and insurance, especially in the Belgian market where the savings market favors products in insurance wrappers,” said Johann Scholtz, an analyst with Morningstar BNP Paribas, the euro zone’s biggest bank,...
by AIP Online Bureau | Feb 8, 2024 | International News, Reinsurance
Founded in 2012, Peak Re focuses on insurance including property and casualty, and life and health, its website shows. It has more than 580 clients across 60 markets in Asia Pacific, Europe, the Middle East, Africa and the Americas. Fosun International Ltd. has...
by AIP Online Bureau | Nov 22, 2022 | International News, Non-Life, Reinsurance
The Chinese conglomerate owns 86.9% of Peak Re, and it is not immediately clear what valuation a sale would ascribe to the reinsurance firm. Peak Re said in its 2021 annual report its total equity was $1.47 billion at the end of 2021 HONG KONG/LONDON: China’s...
by AIP Online Bureau | Oct 27, 2022 | International News, Non-Life, Reinsurance
Fosun is working with a financial adviser as it considers options including the potential sale of its majority stake or a minority interest in the reinsurer, the people said, asking not to be identified because the matter is private. A transaction could value Peak Re...
