Oct 21 (Reuters) - Global investment firm KKR

and Portuguese private equity firm Quadrantis Capital will

acquire a minority stake in Fosun International ( FOSUF ) majority-owned

Peak Reinsurance Company, the parties said on Tuesday.

KKR will acquire approximately 11.3% of Peak Reinsurance

from Prudential Financial ( PRU ), while Quadrantis will take a 1.8%

stake. Fosun International ( FOSUF ), a Hong Kong-listed Chinese

conglomerate, will retain its majority ownership of 86.71% in

the reinsurance company.

The deal comes on the heels of KKR's acquisition of Japanese

insurance distributor Hoken Minaoshi Hompo Group last month, as

the firm continues to strengthen its footprint in Asia's

insurance sector.

"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," said

Bing Gu, managing director at KKR.

The investments are expected to close in the fourth quarter

of 2025.