KKR and Quadrantis Capital, a Portuguese fund, have agreed to buy minority stakes in Peak Re, a Hong Kong-based emerging market reinsurance specialist, per a company statement.
Upon completion, KKR will hold approximately 11.27% and Quadrantis Capital about 1.80% of Peak Re’s issued share capital. The remaining 86.71% will continue to be held by majority shareholder Fosun International, a Hong Kong-listed multinational conglomerate.
The deal marks an exit for Prudential Financial, which sold its 13.07% stake to KKR and Quarantis.
“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,” said Bing Gu, who serves as KKR’s head of Greater China for credit.
João Rafael Koehler, Managing Partner at Quadrantis Capital, added that the firm is “delighted to join Peak Re as a minority investor” and remains committed to “constructive, value-driven partnerships.”
Established in 2012, Peak Re has expanded to become the world’s 27th-largest reinsurance group by net premiums written, backed by a strong capital base and an A- (Excellent) financial strength rating from AM Best. The company serves clients across Asia Pacific, Europe, the Middle East, and the Americas, with a focus on innovation and long-term value creation for its partners.
The transactions are expected to close in the fourth quarter of 2025, subject to customary regulatory approvals.
KKR’s latest transaction adds to its deep insurance experience globally including Global Atlantic, KKR’s insurance business; Ascend Asia, the first platform for financial advisory firms in Singapore; and USI Insurance Services, one of the largest insurance brokerage and consulting firms in the US; among others.
Earlier this year, KKR acquired Japanese insurance distributor Hoken Minaoshi Hompo Group from local private equity shop Advantage Partners in a deal reportedly worth over $204 million.
