Peak Reinsurance Company Limited (Peak Re) has announced that funds managed by KKR and Quadrantis Capital have signed definitive agreements to acquire minority stakes totalling about 13% in the reinsurer via Peak Reinsurance Holdings Limited, according to a statement on October 21.
Following completion, KKR and Quadrantis Capital will hold approximately 11.27% and 1.80% of Peak Re’s issued share capital, respectively.
The transaction coincides with Prudential Financial Inc.’s sale of its 13.07% interest in the company. Fosun International will retain a majority stake in the reinsurer of approximately 86.71%.
“With KKR and Quadrantis Capital joining as new investors, we are further strengthening the platform that enables Peak Re to innovate, serve clients with excellence, and pursue quality growth globally,” said Franz-Josef Hahn, Chief Executive Officer of Peak Re.
The transaction is expected to close in the fourth quarter of 2025, pending regulatory approval. Peak Re said the shareholding changes are not expected to affect its financial position, governance, or credit ratings.
The move comes with Peak Re recording gross written premiums of approximately US$1.06bn in the first half of 2025, a 25.1% rise year-on-year, according to unaudited results from parent Fosun International.
The Hong Kong-headquartered reinsurer also saw its outlook upgraded to positive by Moody’s in April on reduced risk contagion risk from Fosun, alongside prudent underwriting and strong capital practices.
