Institutional Solutions

Custom solutions, transparent approach

Global Atlantic’s institutional business is a leading provider of capital, risk and in-force management solutions for retirement and life insurance companies.

Building long-term partnerships

We look to build long-term relationships with our institutional clients, developing a deep understanding of your unique business challenges and objectives. 

Working side-by-side, we create custom solutions quickly, responsively and with full transparency. This approach has led many of our clients to return to us for multiple transactions.

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Capital and risk-management solutions

Our team specializes in tailoring solutions for your block, flow and pension risk transfer (PRT) reinsurance needs.

Block reinsurance

  • Release capital and improve returns 
  • Monetize embedded value for shareholder return or reallocation 
  • Manage risks, including investment and policyholder behavior 
  • Exit non-core businesses; divest undesired lines 
  • Finance acquisitions 

Reinsure flow business 

  • Enhance policyholder rates to drive sales 
  • Improve product returns for carrier 
  • Maintain presence in distribution channels 

PRT Reinsurance 

  • Enhance the competitive positioning of our clients in the PRT space with capital risk management solutions 
  • Financial strength and execution expertise

Experience and demonstrated success

Our track record of success is a direct result of our ability understand our client’s objectives and tailor a solution that leverage our strengths for a mutual beneficial outcome.

of top L&A companies have ongoing dialogue with us

transactions since 2004 with new and many repeat clients

in transactions since 2014 (as of 10/1/2020)

tailoring reinsurance solutions for L & A clients

View our "A"-category ratings

Our Institutional team

Global Atlantic’s Institutional business is led by a dedicated team of experienced executives who build long-lasting relationships with our clients and ensure responsive service.

Manu Sareen

Co-President and Head of Institutional Markets 

Manu is Co-President of Global Atlantic and a Partner at KKR. As Co-President of Global Atlantic, Manu partners with Rob Arena in supporting Chairman and CEO Allan Levine in operating the business and executing the company’s growth strategy. Manu is also responsible for the Institutional Markets business and mergers and acquisitions (M&A), driving company growth through reinsurance and block acquisitions. In this capacity he also oversees GA’s third-party capital franchise and fundraising initiatives. Since inception, the company has established a 20-year track record, successfully completing more than 40 transactions with nearly 30 clients, reinsuring more than $140 billion of assets and fundraising over $4 billion in third party capital, as of December 31, 2023. Prior to the spinout of Global Atlantic, Manu was a Managing Director in the Goldman Sachs Reinsurance Group which he joined in 2006. Manu serves on the Painting and Sculpture Committee at the Whitney Museum and is on the Advisory Board of MIT’s Global Center for Finance and Planning.

Darryl Herrick

Co-Head, Reinsurance; President of Global Atlantic Re

Darryl is Co-Head of the Reinsurance business at Global Atlantic, where he is responsible for helping to lead the Institutional Markets business across multiple key segments including Block and Flow reinsurance. Darryl is also responsible for expanding and broadening Global Atlantic’s institutional client base among the Top- 50 L&A insurance companies in the U.S., as well as with our partners globally. Darryl also helps to oversee the development of our Bermuda office and collaborating with key government, regulatory and industry relationships on the island. Prior to Global Atlantic, he worked as a Partner with C12 Capital Management, a Director at Barclays Capital and Vice President at Goldman Sachs.

Jason Kao

Co-Head, Reinsurance

Jason is Co-Head of the Reinsurance business at Global Atlantic, where he is responsible for helping to lead the Institutional Markets business across multiple key segments including Block and Flow reinsurance. He leads all efforts associated with Institutional Markets transaction structuring and execution, as well as pricing and underwriting. Jason also helps develop key institutional client relationships, including with insurance companies in the US and globally, as well as third party capital. Prior to the spinout of Global Atlantic, Jason was part of the Goldman Sachs Reinsurance Group (GSRG) which he joined in 2008. Jason holds undergraduate degrees in Finance and Computer Science from New York University.

Edward Root

Head of Pension Risk Transfer

Edward is responsible for leading Global Atlantic’s growing pension risk transfer reinsurance business. He has over 20 years of experience advising large pension plan sponsors, previously having served as Managing Director at Willis Towers Watson and head of the consulting firm’s PRT group.