Fosun's Peak Re wins clearance for Malaysia branch

Fosun-owned reinsurer Peak Re said it has received
approval-in-principle to establish a branch in Labuan, Malaysia
from the Labuan Financial Services Authority.
The clearance allows the business to write risk with effect from
23 May.
Peak Re CEO Franz-Josef Hahn said: "As one of the
world's fastest growing areas of economic cooperation, ASEAN,
and in particular Malaysia, plays an important role in Peak
Re's business strategy."
He added: "This approval from Labuan FSA will strengthen
our presence