Reinsurance News
Global Atlantic
Japan Post Insurance invests $2bn in Global Atlantic reinsurance sidecar
30th July 2025
Japan Post Insurance, KKR, and Global Atlantic (a wholly owned subsidiary of KKR) have signed definitive agreements under which Japan Post Insurance will invest $2 billion in a new vehicle sponsored by Global Atlantic, marking the latest milestone in their strategic partnership. Japan Post Insurance’s commitment represents over 50% of the ... Read the full article
Global Atlantic grows Its Bermuda footprint with major office expansion
8th May 2025
Global Atlantic Financial Group, a retirement and life insurance provider serving individuals and institutions, has expanded its presence in Bermuda with a move to a new headquarters at Washington House on Church Street in Hamilton. This relocation marks a significant step in the company’s continued investment in the island, as it ... Read the full article
S&P upgrades Global Atlantic’s ratings on strong capital
8th April 2025
S&P Global Ratings has raised the financial strength and issuer credit ratings of Global Atlantic Financial Group's (GAFG) operating insurance entities to 'A' from 'A-', assigning a stable outlook. Concurrently, the credit rating agency also upgraded the holding company's rating to 'BBB' from 'BBB-'. The rating upgrades reflect GAFG's strengthened capital adequacy ... Read the full article
Global Atlantic appoints Emily LeMay and Jason Bickler as Co-Heads of Individual Markets
30th September 2024
Global Atlantic Financial Group, an insurance provider specialising in retirement and life insurance for both individuals and institutions, has announced the immediate appointment of Emily LeMay as Chief Operations Officer and Jason Bickler as Chief Distribution Officer as Co-Heads of Individual Markets, reporting to Rob Arena, Co-President of Global Atlantic. Since ... Read the full article
Atlantic structures first tax insurance policy for section 45Q carbon credits
21st May 2024
Atlantic Global Risk announces the placement of the first tax liability insurance policy for a significant transaction in the carbon capture and sequestration (CCS) sector. Following the enactment of the Inflation Reduction Act, the owner of a large Midwest facility saw an opportunity to leverage the financial incentives in Section 45Q ... Read the full article
Global Atlantic and Manulife close $10 billion reinsurance transaction
22nd February 2024
In a significant move within the insurance industry, Global Atlantic Financial Group (Global Atlantic) and Manulife Financial Corporation have successfully finalized a $10 billion reinsurance transaction. The deal, which was initially unveiled last December and has now reached completion, involves the reinsurance of a diverse portfolio of Manulife's life, annuity, and ... Read the full article
KKR completes acquisition of remaining 37% of Global Atlantic
3rd January 2024
KKR & Co. Inc. has announced the closing of the previously-announced transaction in which it is acquiring the remaining 37% of Global Atlantic Financial Group LLC, increasing KKR’s ownership to 100%. KKR acquired a majority of Global Atlantic in 2021, and since that time has served as Global Atlantic’s asset manager. The ... Read the full article
Manulife and Global Atlantic announce $13bn reinsurance deal
11th December 2023
Manulife Financial Corporation has agreed to reinsure a combined $13 billion of reserves across four legacy/low ROE blocks to Global Atlantic and its partners. As per Manulife, the blocks include portions of U.S. LTC, U.S. structured settlements, and two Japan whole life products. The LTC block represents $6 billion, or 14% of ... Read the full article
KKR set to acquire remaining 37% of Global Atlantic for $2.7bn
29th November 2023
KKR & Co. Inc. has announced a definitive agreement under which it will acquire the remaining 37% stake in the insurance company Global Atlantic, increasing its ownership to 100%. KKR will fund the transaction from its balance sheet, which had $23 billion of cash and investments as of September 30, 2023. ... Read the full article
MetLife closes $19bn reinsurance agreement with Global Atlantic
16th November 2023
Life insurer MetLife has announced it has completed a $19 billion risk transfer transaction with Global Atlantic Financial Group, a retirement and life insurance company. The deal sees Global Atlantic reinsuring a diversified portfolio of MetLife’s US retail annuity and life insurance business, reinforcing Global Atlantic’s position as a leading reinsurer ... Read the full article
Global Atlantic raises over $2.4bn for second co-investment vehicle
10th July 2023
Life and annuity re/insurance firm Global Atlantic Financial Group has closed a more than $2.4bn third-party capital raise for its second reinsurance co-investment vehicle, Ivy Co-Invest Vehicle II LLC (Ivy II). Ivy II is a reinsurance co-investment vehicle through which Global Atlantic brings third-party capital into its business to augment its ... Read the full article
Japan Post Insurance in strategic partnership with KKR & Global Atlantic for expansion, diversification
7th June 2023
Japan Post Insurance, KKR along with its subsidiaries, and Global Atlantic Financial Group announced a strategic partnership, enabling Japan Post Insurance access to KKR and Global Atlantic's platforms to enhance its growth and diversify its business portfolio into overseas markets. Additionally, Japan Post Insurance will make a material investment in a ... Read the full article
Global Atlantic and MetLife sign $19.2 billion reinsurance agreement
25th May 2023
Leading financials services company Global Atlantic Financial Group and life insurer MetLife, Inc. have entered into a reinsurance agreement valued at $19.2 billion. The deal will see Global Atlantic reinsuring a diversified portfolio of MetLife's U.S. retail annuity and life insurance business, reinforcing Global Atlantic's position as a leading reinsurer in ... Read the full article
Equitable finalises reinsurance deal with Global Atlantic
4th October 2022
Financial services and insurance firm Equitable Holdings has announced the completion of its reinsurance transaction with life and annuity insurer Global Atlantic. The transaction involved Equitable’s principle operating subsidiary, Equitable Financial Life Insurance Company, and First Allmerica Financial Life Insurance Company, a Global Atlantic unit. Under the terms of the deal, Equitable ... Read the full article
Equitable Holdings and First Allmerica Life Insurance go into reinsurance agreement
17th August 2022
Equitable Holdings has gone into a reinsurance agreement with Global Atlantic subsidiary First Allmerica Financial Life Insurance Company to reinsure a 50% quota share of pre-2009 Group Retirement VA contracts supported by approximately $4bn of general account assets and $6bn of separate account value. In a statement, Equitable Holdings said the ... Read the full article
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