Global investment firm KKR and Quadrantis Capital, a Portuguese investment management company, have entered definitive agreements to purchase minority stakes in Peak Reinsurance Company through Peak Reinsurance Holdings.
After the completion of the deals, KKR is set to hold nearly 11.27%, and Quadrantis Capital around 1.8%, of Peak Re’s issued share capital.
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The majority of the shares, nearly 86.71%, will remain with the principal shareholder, Fosun International.
Prudential Financial has sold its indirect 13.07% minority interest in Peak Re. This divestment follows the signing of definitive agreements by KKR and Quadrantis Capital.
Peak Re CEO Franz-Josef Hahn said: “Peak Re was established to support the growth and resilience of economies and communities in emerging markets across Asia and beyond.
“With KKR and Quadrantis Capital joining as new investors, we are further strengthening the platform that enables Peak Re to innovate, serve clients with excellence and pursue quality growth globally.”
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By GlobalDataAccording to Peak Reinsurance, the new investments will help bolster Peak Re’s ongoing focus on its worldwide customer base, supported by protective measures and adherence to corporate governance protocols.
The company indicates that the new investments are not expected to alter its credit ratings, operational stability or management team.
KKR managing director Bing Gu said: “As Asia emerges as a global growth engine for insurance and reinsurance, Peak Re is well-positioned to meet the needs of global clients with its established regional platform, disciplined underwriting approach and strong governance.
“We look forward to drawing from our global network and experience in insurance and reinsurance, as well as operational expertise, to strengthen Peak Re’s leading position in the region.”
The closure of the deals by Quadrantis Capital and KKR is anticipated in the last quarter of 2025, pending the satisfaction of standard closing conditions including receipt of regulatory consents.
Last month, KKR acquired Japanese insurance distributor Hoken Minaoshi Hompo Group from funds managed by Advantage Partners.
