Peak Re's Swiss unit gets A- rating from AM Best

Chinese reinsurer Peak Re's Zurich-based operation has received
a financial strength rating of A- from AM Best.
The carrier has also been granted an issuer credit rating of a-,
the rating agency said today, adding that the outlook for the
ratings is stable.
Peak Re established a Zurich branch, Peak Re AG, in September
2015, and was awarded a subsidiary licence to underwrite non-life
reinsurance business by Swiss regulators in December.
AM Best said it expects the unit to operate...