NEW YORK--(BUSINESS WIRE)--Global Atlantic Financial Group (“Global Atlantic”), a leading insurance company meeting the retirement and life insurance needs of individuals and institutions, today announced the closing of its $10 billion reinsurance transaction with Manulife Financial Corporation (NYSE: MFC). The transaction, signed and previously announced between subsidiaries of the two companies last December, reinsures a seasoned and diversified block of Manulife’s life, annuity, and long-term care (“LTC” ...

HARTFORD, Conn.--(BUSINESS WIRE)--Global Atlantic Financial Group (“Global Atlantic”), a leading insurance company meeting the retirement and life insurance needs of individuals and institutions, today announced the completion of its newly renovated office space on the 18th floor of the iconic Gold Building in downtown Hartford. The expansion project includes a renovation of 29,000 square feet. This involved a full reconstruction of the 18th floor and a partial renovation of the 24th floor, which is current ...

Core Insights - Universal Music Group (UMG) has formed a strategic partnership with Dundee Partners for the management and acquisition of music intellectual property (IP), acquiring a 25.8% stake in Chord Music Partners for $240 million, valuing Chord at $1.85 billion [1][2][4] Group 1: Partnership and Stake Acquisition - UMG will globally administer publishing and distribute recordings for Chord's existing catalogs, which include over 60,000 music copyrights [1][2] - KKR will sell its majority stake in Chord to Dundee Partners and its investor consortium, with UMG holding a minority stake [1][4] - The partnership aims to actively manage Chord's rights and acquire additional catalogs in the future [2][5] Group 2: Chord's Portfolio and Management - Chord, established in 2021, holds a catalog of premier music IP featuring works from iconic artists such as The Weeknd, David Guetta, and John Legend [2][3] - UMG's management will leverage its global network to enhance the value of Chord's music rights [3][5] Group 3: Leadership and Future Growth - Sir Lucian Grainge, UMG's Chairman and CEO, emphasized the importance of partnerships in identifying timeless music for long-term growth [3] - Boyd Muir, UMG's CFO, highlighted the efficient structure for future catalog acquisitions without significant capital allocation [3][5] - Sam Hendel from Dundee Partners expressed excitement about combining financial acquisition capabilities with UMG's industry leadership [3][7]

HARTFORD, Conn.--(BUSINESS WIRE)--Global Atlantic Financial Group (“Global Atlantic”), a leading insurance company meeting the retirement and life insurance needs of individuals and institutions, will hold a media briefing with special guests, including Connecticut Governor Ned Lamont, Connecticut Department of Economic and Community Development Commissioner-designate Daniel O’Keefe, and Hartford Mayor Arunan Arulampalam, to unveil the finished renovations to the firm’s office space within the iconic Gold B ...

NEW YORK--(BUSINESS WIRE)--KKR, a leading global investment firm, today announced that it served as Lead Arranger, Administrative Agent, and investor on a debt financing for Clarience Technologies’ Acquisition of Safe Fleet. KKR invested in the transaction through its credit vehicles and accounts. KKR Capital Markets acted as Left Lead Arranger and Joint Bookrunner on the transaction. Clarience Technologies is a global provider of visibility and safety technologies for transportation, including vehicle l ...

NEW YORK--(BUSINESS WIRE)--KKR, a leading global investment firm, today released “Loud and Clear,” a new Insights piece by Henry McVey, CIO of KKR’s Balance Sheet and Head of Global Macro and Asset Allocation (GMAA). Based on a proprietary survey of more than 75 Chief Investment Officers (CIOs) who oversee over three billion dollars in assets, on average, the report examines how family office CIOs are leveraging their longer-term focus and owner/operator mentality to create a sustainable competitive adva ...

NEW YORK--(BUSINESS WIRE)--KKR & Co. Inc. (NYSE: KKR) announced today that Robert H. Lewin, Chief Financial Officer, will present at the Bank of America Securities Financial Services Conference 2024 on Wednesday, February 21, 2024 at 10:30AM ET. A live webcast of the presentation will be available on the Investor Center section of KKR’s website at https://ir.kkr.com/events-presentations/. For those unable to listen to the live webcast, a replay will be available on the website shortly after the event. Any ...

KKR & Co. Inc. (NYSE:KKR) Q4 2023 Earnings Conference Call February 6, 2024 10:00 AM ET Corporate Participants Craig Larson - Investor Relations Scott Nuttall - Co-Chief Executive Officer Rob Lewin - Chief Financial Officer Conference Call Participants Craig Siegenthaler - Bank of America Alex Blostein - Goldman Sachs Glenn Schorr - Evercore Bill Katz - TD Cowen Brian McKenna - JMP Finian O'Shea - Wells Fargo Securities Patrick Davitt - Autonomous Research Steven Chubak - Wolfe Research Brian Bedell - Deuts ...

For the quarter ended December 2023, KKR & Co. Inc. (KKR) reported revenue of $1.07 billion, up 16.6% over the same period last year. EPS came in at $1.00, compared to $0.92 in the year-ago quarter.The reported revenue represents a surprise of +7.74% over the Zacks Consensus Estimate of $995.64 million. With the consensus EPS estimate being $0.93, the EPS surprise was +7.53%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine ...

NEW YORK--(BUSINESS WIRE)--KKR & Co. Inc. (NYSE: KKR) today reported its fourth quarter 2023 results, which have been posted to the Investor Center section of KKR’s website at https://ir.kkr.com/events-presentations/. A conference call to discuss KKR’s financial results will be held today, Tuesday, February 6, 2024 at 10:00 a.m. ET. The conference call may be accessed by dialing (877) 407-0312 (U.S. callers) or +1 (201) 389-0899 (non-U.S. callers); a pass code is not required. Additionally, the conference ...