30 April 2014 News

Peak Re targets Australia via partnership

Hong Kong-based reinsurer Peak Reinsurance has entered into a cooperation agreement with MacquarRe, the Sydney-based reinsurance consultancy.

Under the agreement, MacquarRe, led by Simon Lyon, will help Peak Re develop and enhance their relationship with existing and potential clients in Australia and New Zealand, two of the priority markets for Peak Re.

Chris Kershaw, managing director of global markets at Peak Re, said: “We are pleased to partner with MacquarRe, with their profound knowledge of the Australian and New Zealand markets. Peak Re has successfully entered the two markets since our launch at end of 2012, and it is important for us to continue to build on that foundation and further strengthen our connections within these markets.”

“This partnership with Simon Lyon and MacquarRe allows us to keep close contact with our current and potential clients, so we can better understand their needs, capture the opportunities available and grow together with them.”

Simon Lyon, director of MacquarRe, said: “We are very excited at the prospect of partnering with Peak Re in the ANZ space and reconnecting with clients and friends in the industry. It is an opportune time to work with a team of well-respected reinsurance professionals who have a long term goal in supporting the growth in the Asia Pacific region.”

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