Peak Capital boosts Peak Re’s ILS capabilities

In April Peak Re announced the acquisition of Lutece Holdings and its subsidiary Lutece Investment Management, collectively known as Lutece. I am glad to see the transaction has completed successfully following regulatory approvals. A new Bermuda-based insurance-linked securities (ILS) specialist, called Peak Capital, is born.

A wholly-owned subsidiary of Peak Re, Peak Capital is headed by ILS veteran and Lutece founder Erik Manning, together with Peak Re’s managing director of underwriting, Lawrence Cheng, as co-CEOs. They are supported by the original Lutece team, including CFO Angus Ayliffe and CUO Julia Henderson. I am proud to say, this is a team of best-in-class professionals with unmatched ILS and structuring expertise, combined with in-depth insights into the Asian markets.