Funds managed by KKR and Quadrantis Capital - SCR, S.A. have acquired Peak Reinsurance Company Limited, a Hong Kong-based global reinsurance company, for an undisclosed amount. This corporate transaction sees the investment funds take full ownership of Peak Re, which was previously majority-owned by Fosun International Limited and partially by Prudential Financial, Inc. The acquisition underscores Peak Re's established position in the global reinsurance market.
Established in 2012, Peak Re has grown to rank 27th among global reinsurance groups by net reinsurance premiums written, according to S&P Global Ratings. The company reported reinsurance revenue of USD1.16 billion and a net profit of USD187 million for the year ended December 31, 2024, with total equity of USD1.43 billion. Rated A- by AM Best and authorised by the Insurance Authority of Hong Kong, Peak Re provides both Property & Casualty and Life & Health reinsurance, offering innovative risk and capital management solutions to clients globally.
This acquisition by investment funds managed by KKR and Quadrantis Capital - SCR, S.A. is strategically driven by Peak Re's profile as an emerging market reinsurance specialist with a diversified global portfolio. The acquiring entities are recognized for investing in companies with strong growth potential and established market presence. Peak Re's proven financial performance and its offering of tailored solutions across P&C and L&H segments represent a significant strategic asset.
The acquisition is expected to support Peak Re's continued expansion and reinforce its capabilities in the evolving global reinsurance landscape. The combined entity aims to leverage Peak Re’s expertise and market reach to further enhance its innovative reinsurance and risk management solutions. This strategic corporate acquisition is poised to accelerate Peak Re’s growth trajectory and strengthen its role in supporting societies and communities in Asia and beyond.