The news was announced as part of a strategic partnership between Japan Post, investment firm KKR, and the U.S. head-quartered (re)insurer Global Atlantic.
While liquidators are still working to recover money from its Hong Kong business, Target announced they'd received letters of intent to fund its UAE subsidiary, Himalayas Insurance.
Malaysia's sovereign wealth fund said it saw value in PolicyStreet's ability to offer accessible and meaningful coverage to the unserved and underserved.