KKR and Quadrantis Capital Acquire Minority Stakes in Peak Reinsurance Company Limited

Audax Private Equity Acquires Majority Stake in Keystone

January 15, 2026

Consulting

Audax Private Equity has acquired a majority stake in Keystone, purchasing the global technology and advisory services practice from RLH Equity Partners in a recapitalization that closed January 2, 2026. Concurrently, Keystone spun out its Core AI business as an independent B2B AI SaaS company (Keystone.AI) with RLH retaining a minority stake; Jeff Marowits was named CEO and Greg Richards will remain as a senior strategic advisor.

KKR Acquires Majority Stake in Integrated Specialty Coverages (ISC)

March 4, 2021

Financial Services

KKR will acquire a majority interest in Integrated Specialty Coverages (ISC), a Carlsbad-based insurtech and multi-line insurance distributor that builds end-to-end insurance products using AI and data analytics. Sightway Capital (a Two Sigma private equity business) is selling its majority position and will remain a minority shareholder; financial terms were not disclosed.

United Risk Acquires Pinnacle Underwriting (Sydney)

June 18, 2025

Financial Services

United Risk has completed the acquisition of Pinnacle Underwriting Pty Ltd and its affiliate Pinnacle Holdings Group Pty Ltd, a Sydney-headquartered specialty facultative reinsurance MGA with offices in Melbourne, Singapore and Dubai. The deal expands United Risk's MGA footprint and geographic reach across the Asia-Pacific and MENA regions and adds a property-heavy reinsurance book (approximately 80% property writings) to United Risk's global portfolio.

KKR Acquires Remaining 37% of Global Atlantic

January 2, 2024

Insurance

KKR & Co. Inc. has closed its previously announced transaction to acquire the remaining 37% of The Global Atlantic Financial Group, bringing its ownership to 100%. Global Atlantic will remain led by its existing management team and operate under the Global Atlantic brand as a wholly‑owned subsidiary of KKR, enabling closer collaboration to realize identified synergies and expand capabilities across insurance and investment solutions.

Wealth Enhancement Group Acquires Peak Financial Services, Inc.

July 9, 2024

Financial Services

Wealth Enhancement Group, a national independent wealth management firm, has acquired Peak Financial Services, Inc., a hybrid RIA based in Northborough, Massachusetts that oversees more than $123 million in client assets. The deal expands Wealth Enhancement Group's presence in Massachusetts and the Northeast and brings Peak Financial's founder Kevin O'Brien and his team onto Wealth Enhancement's platform.

Aquarian Holdings Acquires Controlling Interest in Somerset Reinsurance Ltd.

January 10, 2023

Insurance

Aquarian Holdings has closed the acquisition of a controlling interest in Bermuda-domiciled Somerset Reinsurance Ltd., a reinsurer focused on the U.S. life insurance and annuity market. Aquarian will provide substantial immediate and committed capital and, through Aquarian Investments, serve as asset manager to support Somerset Re's growth while existing investors Hannover Re and Weiss Family Interests retain ownership stakes and remain involved.