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International

Peak Re posts net profit of $200 million in 2023

May 03, 2024 Reprints

Hong Kong-based Peak Reinsurance Co. Ltd. has posted its highest-ever net profit after tax of $200 million for 2023, supported by a strong turnaround in reinsurance underwriting and asset management, Asia Insurance Review reported. The firm’s reinsurance revenue declined by nearly 15% year-on-year to $1.56 billion.

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Peak Re posts net profit of $200 million in 2023

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