Appetite for the market unlikely to be sated anytime soon, the broker forecasts
Guy Carpenter has reported that as of December 31, 2023, private equity-backed reinsurance transactions in Asia, representing $25 billion in assets, accounted for only 2% of the addressable market. The value of these deals, however, increased tenfold between 2019 and 2023.
Key transactions involved insurers such as AXA HK, Manulife, FWD, T&D, Daiichi, and Japan Post with reinsurers backed by private equity firms including KKR-ba