Fosun to sell its stake in Peak Re

Sources close to the matter have reported that the private Chinese conglomerate Fosun International is once again planning to sell its majority stake in Peak Re [4], a Hong Kong-based reinsurance company.

Fosun has reportedly commissioned BNP Paribas to find a potential buyer.

However, these considerations are said to be preliminary, and no official decision has yet been taken.

The conglomerate has apparently considered selling Peak Re for the first time in October 2022. Founded in 2012, Peak Re is 87% owned by Fosun and 13% by US insurance company Prudential Financial.