AM Best revises Peak Re’s outlook to negative
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AM Best revises Peak Re’s outlook to negative

Peak Re hong kong.jpg

Ratings agency AM Best has revised the outlook of Peak Re to negative from stable, citing macroeconomic headwinds and current unfavourable capital and investment market conditions for parent company Fosun.

AM Best also affirmed the financial strength rating of A- and the long-term issuer credit rating of ‘a-‘ for Peak Re and its subsidiaries, Peak Reinsurance Company Limited (Hong Kong) and Peak Reinsurance AG (Switzerland).

The

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