Peak Reinsurance Co. Ltd., a reinsurer based in Hong Kong, has exciting news. The company has received a reinsurance branch license to operate in India. This is a big step for Peak Re as it aims to expand its presence in emerging markets across Asia.
The license allows Peak Re to write both property and casualty insurance, as well as life and health business. This move shows the company’s commitment to the Indian market and its goal to better serve local needs. Peak Re believes that establishing a branch in India will enhance its engagement with the local community.
Sudhir Salian, who is the managing director and head of India at Peak Re, will lead the development of this new branch. The license was granted by the International Financial Services Centres Authority (IFSCA) on February 20, 2025. The branch will operate from the Gujarat International Finance Tec-City International Financial Services Centre, known as GIFT IFSC.
This expansion reflects Peak Re’s strategy to support the growing demand for reinsurance in India and other emerging markets. As the company sets up its operations, it looks forward to contributing to the local insurance landscape and fostering relationships within the community.