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KKR & Co. (KKR) Reports Acquisition of Global Atlantic Financial Group

July 8, 2020 6:05 AM EDT

KKR & Co. Inc. (NYSE: KKR) and Global Atlantic Financial Group Limited (Global Atlantic) today announced the signing of a strategic transaction where KKR will acquire all of the outstanding shares of Global Atlantic, a leading retirement and life insurance company. After closing, Global Atlantic will continue to operate as a separate business with its existing brands and management team.

Global Atlantic serves more than two million policyholders through its retirement and life insurance products. It is one of the largest fixed rate and fixed indexed annuity providers in the United States, offering annuities... More