Japan Post Insurance has agreed to invest $2bn (Y299.35bn) in an investment vehicle created by Global Atlantic.  

This investment constitutes more than half of the funding for the vehicle, which is set to engage in a variety of Global Atlantic’s activities including insurance and reinsurance operations. 

The launch of the vehicle is scheduled for the first half of 2026 (H1 2026), contingent on receiving the regulatory approvals.  

This development is an extension of the existing partnership between Japan Post Insurance, KKR and Global Atlantic, which was initially established in June 2023. 

Japan Post Insurance president and CEO Kunio Tanigaki 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.  

“We believe that this investment will enable Japan Post Insurance to diversify our revenue sources by capturing revenues from the robust US annuity market and reinsurance markets globally and continue to build on our win-win relationship with KKR and Global Atlantic.” 

The partnership aims to reinforce Japan Post Insurance’s international presence and help diversify its income sources.  

Global Atlantic co-heads Billy Butcher and Manu Sareen stated: “We are delighted to expand our strategic partnership with Japan Post Insurance and pursue new opportunities for growth and collaboration.  

“The investment will accelerate our ability to pursue growth opportunities we see in the US, Japan and other international markets, and support the needs of our clients, policyholders and partners.”  

Global Atlantic, which offers annuities, preneed life insurance and reinsurance solutions, was fully acquired by private equity company KKR  last year.