Peak Re's profit hit by 88% in 2016
Hong Kong-headquartered reinsurer Peak Re saw pre-tax profits fall 88% last year to $6.9m (£5.5m) compared with $59.2m in 2015.
The reinsurer was hit by a poor investment performance of 1.5% (2015: 6.4%) and a particular poor first half of the year when its combined operating ratio climbed to 107%. Overall the insurer finished
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