Japan Post Insurance invests $2bn in Global Atlantic reinsurance sidecar

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 vehicle, which is expected to have access to Global Atlantic’s insurance, reinsurance, and strategic activities, and to commence operations in the first half of 2026.

The investment will be made over time and is expected to have minimal impact on Japan Post Insurance’s consolidated financial results for the fiscal year ending March 31, 2026.

This transaction marks an additional investment by Japan Post Insurance in a Global Atlantic-sponsored vehicle and forms part of the strategic partnership announced by the three companies in June 2023.

Through the partnership, Japan Post Insurance gains access to KKR and Global Atlantic’s platforms to support growth and diversify its portfolio into overseas markets.

The collaboration also underscores KKR and Global Atlantic’s commitment to Japan—a core market where KKR has operated for two decades—while advancing their global insurance strategy. It enhances their ability to deliver tailored asset management and reinsurance solutions to insurance clients worldwide.

Building on Global Atlantic’s strong track record in retirement and investment solutions, Japan Post Insurance’s investment will support Global Atlantic’s continued expansion across U.S. and international markets to meet the growing retirement needs of rapidly aging populations globally.

Kunio Tanigaki, Director and Representative Executive Officer, President and CEO of Japan Post Insurance, said, “This investment is a part of our phased approach to our strategic alliance agreement with KKR and Global Atlantic, which we signed in June 2023 with the aim of expanding into new areas of collaboration. In the two years that have passed since establishing this alliance, we have deepened our mutual understanding and come to appreciate the significant presence of KKR and Global Atlantic in the U.S. market, and are pleased to invest in this new vehicle sponsored by Global Atlantic. We believe that this investment will enable Japan Post Insurance to diversify our revenue sources by capturing revenues from the robust U.S. annuity market and reinsurance markets globally and continue to build on our win-win relationship with KKR and Global Atlantic.”

Joe Bae and Scott Nuttall, Co-CEOs of KKR, said, “We are proud to deepen our relationship with Japan Post Insurance, one of Japan’s leading insurance institutions, through their investment in Global Atlantic’s vehicle. This collaboration reflects the strength of our global insurance platform and our shared commitment to growth as we pursue the opportunity together.”

Billy Butcher and Manu Sareen, Co-Heads of Global Atlantic, added, “We are delighted to expand our strategic partnership with Japan Post Insurance and pursue new opportunities for growth and collaboration.

“Japan Post Insurance’s commitment to deploy capital alongside Global Atlantic validates the growing value of our global platform. The investment will accelerate our ability to pursue growth opportunities we see in the U.S., Japan, and other international markets, and support the needs of our clients, policyholders and partners.”

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