Peak Re
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The Fosun-backed reinsurer’s underwriting MD says the vehicle offers diversifying risk amid a glut of US platforms.
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Parent Fosun reports 21.5 percent premium growth at its Hong Kong-based reinsurance division.
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The reinsurer’s net profit drops to $18.5mn but the combined ratio improves.
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The Hong Kong-based sidecar was originally expected to generate $50mn of commitment from international investors.
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Lion Rock Re has secured commitments of $75mn from third-party investors.
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The executive will report to Franz Josef Hahn, CEO of the Fosun-backed reinsurer.
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The Fosun-backed reinsurer's underwriting result improves marginally.
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Tao will chair the board as Kaihong and Xi also join the reinsurer.
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Satoshi Ichihara was previously Catlin’s representative in the country.
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The co-founder returns to the reinsurer after five years at Manulife.
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