Japan Post Insurance to invest up to $2b in reinsurance vehicle

The company aims to deploy capital as early as 2026.

Japan Post Insurance said last 28 February that it 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 $1b and $2b. 

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.