Peak Re
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The Hong Kong-based carrier expanded GWP by 7% to $2.3bn over the year.
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The Chinese conglomerate was downgraded by Moody’s this week and faces liquidity pressure.
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Iain Reynolds and Andy Souter will replace Kershaw as co-heads of P&C.
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Asian reinsurer looks to expand as prices increase.
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The experienced executive spent a decade in Asia Pacific and ILS roles at Willis Re.
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The carrier’s solvency ratio falls 65 points to 367 percent.
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The fundraising is slightly up on the $75mn raised on the sidecar’s debut.
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The Hong Kong-based sidecar was originally expected to generate $50mn of commitment from international investors.
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The co-founder returns to the reinsurer after five years at Manulife.
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