February 28, 2025 — Japan Post Insurance has announced plans to invest up to $2 billion in a reinsurance vehicle backed by KKR and its subsidiary, Global Atlantic Financial Group. The company disclosed the move in a memorandum of understanding signed with KKR and Global Atlantic on February 28.
The investment is part of a broader strategic partnership formed in June 2023 between Japan Post Insurance, KKR, and Global Atlantic. Under the terms of the agreement, Japan Post Insurance intends to acquire a controlling stake, holding more than 50% in the reinsurance entity.
The reinsurance vehicle will be integrated into Global Atlantic’s existing insurance and reinsurance operations, with the potential to engage in additional strategic opportunities as they arise. Japan Post Insurance expects to finalize the investment agreement within the next three months, with capital deployment anticipated as early as 2026, pending necessary government and regulatory approvals.
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