Fosun tops up Peak Re funds by $100mn

Hong Kong-based reinsurer Peak Re has increased its shareholder
funds by $100mn to $816.9mn.
The capital increase was provided by the company's largest
shareholder Fosun International, which holds an 85 percent stake in
the reinsurer.
The carrier added its other shareholder, World Bank institution
the International Finance Corporation, may participate at a later
date.
The company said that in the first half of 2016 it had grown
gross written premiums (GWP) by 54 percent year-on-year to
$274.4mn.