Peak Re launches first Asian reinsurance sidecar transaction
Peak Reinsurance Company Ltd | December 10, 2018
Peak Reinsurance Company Ltd (Peak Re) has launched Asia’s first sidecar transaction, through Lion Rock Re, a newly-formed special purpose insurer based in Bermuda. The transaction will enable Lion Rock Re to provide collateralized retrocession for part of Peak Re’s global property reinsurance risk portfolio. This allows investors to take on the risk and benefit from specific books of an insurance or reinsurance company.