The deal marks the first mortgage indemnity insurance-linked note transaction since the onset of COVID-19.
The transaction is the first cat bond exposed to primary European insurance risk in 2020.
The company has appointed co-chairmen of the board alongside new member partners.
The asset manager expects 'strong growth' in the cat bond sector and peak perils in private ILS.
The new boss replaces the firm’s long-time leader Lixin Zeng.
He also holds roles with TigerRisk, Neon Underwriting and Swiss Re.
S&P analysts do not expect investors in cat bonds to suffer significant losses as a result of COVID-19.
AM Best expects the overall impact on the ILS market to be 'limited'.
Peak Capital will create new opportunities to develop differentiated and innovative re/insurance products.
The Industry Exposure Database 2020 reveals a total of $78 trillion of natural perils exposed sums insured.