July 9, 2020
KKR will acquire Global Atlantic, a retirement and life insurance company
Global Atlantic serves more than two million policyholders through its retirement and life insurance products. Global Atlantic also provides customised reinsurance solutions to its life and annuity company clients.
Allan Levine, Chairman and Chief Executive Officer of Global Atlantic, said: “We are thrilled to have a new, long-term partner in KKR. With its global presence, investment acumen and long-term focus, we believe we will be even better positioned – financially and strategically – both to help Americans address the financial challenges they face today and to help our institutional channel clients achieve their strategic, risk, and capital management goals.”
Henry Kravis and George Roberts, Co-Chairmen and Co-Chief Executive Officers of KKR, added: “This is a transformative event for KKR. Global Atlantic is a best-in-class business with a like-minded entrepreneurial management team. Our businesses are complementary and our partnership will benefit all of our collective stakeholders.”