Peak Re secures KKR and Quadrantis Capital as new minority investors

Funds managed by KKR, a global investment firm and Quadrantis Capital, a Portuguese investment management business, have entered into definitive agreements to acquire minority stakes in Hong Kong-based global reinsurer, Peak Reinsurance Company Limited (Peak Re), via Peak Reinsurance Holdings Limited.

The transactions are expected to close in the fourth quarter of 2025, subject to customary closing conditions, including regulatory approvals. Peak Re says that the agreements are not anticipated to affect its financial stability, operations, leadership, or ratings.

Once completed, KKR and Quadrantis Capital are expected to hold approximately 11.27% and 1.80% of Peak Re’s issued share capital, respectively.

The remaining approximately 86.71% continues to be held by majority shareholder, Fosun International Limited., a Chinese multinational conglomerate holding company.

Following the signing of the agreements by funds managed by KKR and Quadrantis, Prudential Financial, Inc., which indirectly held an approximate 13.07% minority stake, has divested its stake in the reinsurer.

Peak Re states that these new strategic partnerships will reinforce its commitment to serving a global clientele, underpinned by strong ring-fencing arrangements, and robust corporate governance standards.

Franz-Josef Hahn, Chief Executive Officer, Peak Re, commented, “Peak Re was established to support the growth and resilience of economies and communities in emerging markets across Asia and beyond.

“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. We would also like to thank Prudential for their support as a valued minority shareholder and partner over the years.”

Bing Gu, Managing Director, KKR, said, “As Asia emerges as a global growth engine for insurance and reinsurance, Peak Re is well-positioned to meet the needs of global clients with its established regional platform, disciplined underwriting approach, and strong governance.

“We look forward to drawing from our global network and experience in insurance and reinsurance, as well as operational expertise to strengthen Peak Re’s leading position in the region.”

João Rafael Koehler, Managing Partner at Quadrantis Capital, added, “Quadrantis Capital is delighted to join Peak Re as a minority investor. We are committed to constructive, value-driven partnerships.”