Insight and Intelligence on the London & International Insurance Markets 15 Dec 2017

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Peak Res Swiss unit gets A- rating from AM Best

  • Matthew Neill 21 April 2017
  • Chinese reinsurer Peak Re's Zurich-based operation has received a financial strength rating of A- from AM Best.

    The carrier has also been granted an issuer credit rating of a-, the rating agency said today, adding that the outlook for the ratings is stable.

    Peak Re established a Zurich branch, Peak Re AG, in September 2015, and was awarded a subsidiary licence to underwrite non-life reinsurance business by Swiss regulators in December.

    AM Best said it expects the unit to operate...

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