Japan Post Insurance will invest $2 bn in a new reinsurance-focused vehicle sponsored by Global Atlantic Financial Group, a wholly owned subsidiary of KKR & Co., the companies jointly announced.
The Japanese insurer will contribute more than half of the capital in the new platform, which is expected to begin operations in the first half of next year.
The vehicle will have access to Global Atlantic’s insurance and reinsurance capabilities, as well as its broader strategic initiatives. The investment is part of a long-term partnership among Japan Post Insurance, Global Atlantic, and KKR, first established more than two years ago.
This strategic partnership reinforces KKR and Global Atlantic’s commitment to Japan, a core market where KKR has operated in for two decades, while advancing their global insurance strategy.
The collaboration also enhances their ability to deliver tailored asset management and reinsurance solutions for insurance clients worldwide.
Building on Global Atlantic’s strong track record in retirement security and investment solutions, Japan Post Insurance’s investment will support Global Atlantic’s continued expansion across the U.S. and international markets to address growing retirement needs in rapidly aging populations globally.
President and CEO Kunio Tanigaki stated the deal enables the company to gain exposure to the U.S. annuity and global reinsurance markets, offering new revenue streams with limited impact on the current fiscal year ending March 31, 2026. The investment will be made gradually over time.
This investment will enable Japan Post Insurance to diversify our revenue sources by capturing revenues from the robust U.S. annuity market and reinsurance markets globally and continue to build on our win-win relationship with KKR and Global Atlantic
Kunio Tanigaki, director and representative executive officer, president and chief executive officer of Japan Post Insurance
“This investment is a part of our phased approach to our strategic alliance agreement with KKR and Global Atlantic, which we signed in June 2023 with the aim of expanding into new areas of collaboration.
In the two years that have passed since establishing this alliance, we have deepened our mutual understanding and come to appreciate the significant presence of KKR and Global Atlantic in the U.S. market, and are pleased to invest in this new vehicle sponsored by Global Atlantic”.
We believe that this investment will enable Japan Post Insurance to diversify our revenue sources by capturing revenues from the robust U.S. annuity market and reinsurance markets globally and continue to build on our win-win relationship with KKR and Global Atlantic.
Kunio Tanigaki
Japan Post Insurance views this move as a key step in executing its global growth plan.
Through collaboration with Global Atlantic and KKR—both known for designing tailored solutions for global life and annuity markets—the Japanese insurer aims to strengthen its position in the international insurance sector while deepening its existing partnerships.
This agreement builds on an earlier statement from 2023, when the three companies outlined plans to jointly pursue reinsurance and annuity market opportunities through a co-investment strategy.
Japan Post Insurance is a Japanese life insurance company that offers a wide range of life insurance products, mainly for individuals, such as endowment insurance and whole life insurance. Following the privatization and division of Japan Post, it was established as a Japan Post Group company on October 1, 2007.
