DLA Piper advises on establishment of reinsurer

DLA Piper has represented Fosun International in its private equity investment in Peak Reinsurance Holdings Limited, a Bermuda reinsurer with operations in Asia.

DLA Piper has represented Fosun International in its private equity investment in Peak Reinsurance Holdings Limited, a Bermuda reinsurer with operations in Asia.

Peak Reinsurance Holdings Limited received an initial capital investment of $550m provided jointly by Fosun International and International Finance Corp, the World Bank’s private sector investment arm. Fosun International will hold 85 per cent, and International Finance Corp will hold 15 per cent, of Peak Reinsurance Holdings Limited.

The DLA Piper team representing Fosun International included Paul Chen (Silicon Valley) as lead partner on corporate and insurance matters, Heng Loong Cheong (Hong Kong) as partner on Asia corporate matters, and Sheng Wu (Hong Kong) as lead associate on the transaction.

Partner Will Harrison (Hong Kong) also supported the team on Asia insurance regulatory issues.

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