Peak Re doubles inaugural Hong-Kong cat bond on heavy investor demand

Franz Josef Hahn, CEO, Peak Re

Reinsurer Peak Re closed issuance of a $150 million 144A catastrophe bond at double the initially guided size and will back the security with a retrocession arrangement with the unit tasked with issuance for multi-year protection against typhoon risk in Japan.

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Peak Re, Issuance, Cat Bond, ILS, Franz Josef Hahn, Sascha Bruns, Hong Kong, Insurance, Insurance, Reinsurance

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Peak Re doubles inaugural Hong-Kong cat bond on heavy investor demand

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