For KKR, with committed capital managed in life and annuity reinsurance sidecar structures under Global Atlantic rising rapidly for the investment giant in recent years, these third-party capitalised reinsurance strategies are an increasingly important component of the firm’s results.
KKR has long explained the benefits to investors of insurance and reinsurance as an asset class, but it’s increasingly clear how important it has become to the entire firm as a source of long-dated capital and attractive earnings as well.
Through its subsidiary Global Atlantic, KKR operates a number of life and annuity reinsurance sidecar structures, under the Ivy Re brand and others.
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