KKR buys 100% control of Global Atlantic
Investment giant KKR has completed its acquisition of the remaining 37% of Bermuda-based life re/insurer Global Atlantic, giving it 100% control of the company.
KKR acquired a majority of Global Atlantic in 2021, and has served as Global Atlantic’s asset manager since.
“Since day one, Global Atlantic has been a great fit for KKR, both from a business and cultural standpoint. With this new ownership structure in place, we look forward to even closer collaboration with Global Atlantic so that we can realise more of the synergies that we have uncovered in the first three years of our strategic partnership,” said Joseph Bae and Scott Nuttall, co-chief executive officers of KKR.
“KKR and Global Atlantic are a powerful combination. Our shared culture and commitment to excellence continues to enhance our ability to think – and invest – longer-term and deliver compelling solutions for our clients and policyholders. We are thrilled for what lies ahead as a wholly-owned subsidiary of KKR,” said Allan Levine, co-founder, chairman & chief executive officer of Global Atlantic.
Global Atlantic will continue to be led by its management team and operate under the Global Atlantic brand.
