Global investment firm KKR is planning greater investment in its India insurance unit, through its insurance arm Global Atlantic.
American insurer Global Atlantic whose adjusted investible assets stood at $197bn was acquired by KKR in January 2024 and has already made several investments in India. KKR’s global co-CEO Scott C Nuttall in a press briefing in Mumbai said that they are funding transactions in India through their insurance company. “We are also thinking through whether it could make sense to have local partnerships with Indian insurance companies where they create the liabilities and we help them invest the assets alongside,” he said.
KKR’s co-head for Asia-Pacific and head of Asia-Pacific Private Equity Gaurav Trehan said that the company’s insurance business gives it a competitive and scalable pool of capital that extends even to emerging markets such as India.