Peak Re gets green light to serve Singapore reinsurance market
Hong Kong-based Peak Reinsurance Company has been authorised as a life and general reinsurer by the Monetary Authority of Singapore to write reinsurance business in the country.
Franz-Josef Hahn, chief executive officer of Peak Re, said: "Asia is our core region. Peak Re has already built a sizable presence in Asia’s mature reinsurance markets including South-East Asia. Singapore is an important market in Asia and we continue to see attractive business opportunities to support our clients.
"This authorisation from Monetary Authority of Singapore will allow Peak Re to strengthen our business relationships in Singapore and deepen our client penetration."
Peak Re looks forward to serving the Singapore reinsurance market with easier access and business process as a result of the authorisation granted, it said.
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