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3 May 2024Reinsurance

Peak Re remediation hacks 23 points from combined ratio in 2023

Peak Re peeled nearly 23 points off of its combined ratio to 87.3% via the overhaul of its reinsurance portfolio, on its way to what it called a record high profit of $200 million in 2023. 

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23 July 2026   ‘If there’s a hungry market . . .it may rationally make sense to us to feed the hungry.’
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23 July 2026   Reinsurer buoyed by low catastrophe losses and less-weighty claims.
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23 July 2026   A 19.5% risk adjusted price cut would finish the rollback on the 2023 market reset.