In a move signaling confidence in Asia’s reinsurance sector, U.S. private equity powerhouse KKR and Portuguese venture capital firm Quadrantis announced Tuesday that they will acquire a combined 15% stake in Hong Kong-based reinsurer Peak Reinsurance Co. Ltd. to accelerate its international expansion.
According to the deal, Kohlberg Kravis Roberts & Co. will control an 11.27% stake, while Quadrantis Capital will hold around 1.8% of Peak Re’s issued share capital. The transaction — whose financial details remain undisclosed — is poised to reshape Peak Re’s shareholder structure as it positions for global growth in the dynamic insurance markets of Asia.
Fosun Retains Majority Control, Prudential Exits
Despite the new entrants, Chinese conglomerate Fosun International Ltd. will maintain its dominant 86.71% ownership of the company, ensuring continuity in leadership and strategic direction.
Meanwhile, U.S. financial giant Prudential Financial Inc. has sold its 13.07% minority stake following the KKR and Quadrantis agreement, effectively paving the way for the two investors’ entry into Peak Re’s equity circle.
