


Japan Post Insurance has signed a memorandum of understanding with KKR and its subsidiary, Global Atlantic Financial Group, to discuss a new investment in a reinsurance vehicle sponsored by Global Atlantic.
Japan Post Insurance plans to hold more than a 50% stake in the vehicle and invest between $1bn and $2bn.
The investment is part of a strategic partnership amongst Japan Post Insurance, KKR, and Global Atlantic, established on 7 June 2023.
The reinsurance vehicle is expected to participate in Global Atlantic’s insurance and reinsurance business and may also be involved in strategic opportunities as they arise.
The company aims to finalise the investment terms within approximately three months and expects to deploy capital as early as 2026, pending necessary government and regulatory approvals.