PROD CAT Reinsurance

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.

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.

90%

of top L&A companies have ongoing dialogue with us

20+

transactions since 2004 with new and many repeat clients

32 billion

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

15+ years

tailoring reinsurance solutions for L & A clients

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

Manu Sareen

President, Institutional Markets, and CEO, Global Atlantic Re Limited

During Manu’s time leading the reinsurance effort for Global Atlantic, the company has completed more than $50 billion in reinsurance and M&A deals. Prior to Global Atlantic’s separation, he was a Managing Director in the Goldman Sachs Reinsurance Group (GSRG).

Darryl Herrick

Darryl Herrick

Managing Director, Co-Head, Reinsurance, Global Atlantic Re

Darryl is responsible for expanding and broadening Global Atlantic’s institutional client base among the Top- 50 L&A insurance companies in the U.S. 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

Jason Kao

Managing Director, Co-Head, Reinsurance

Jason joined the Goldman Sachs Reinsurance Group (GSRG) prior its separation as Global Atlantic. He leads all efforts associated with underwriting and pricing deals and is actively involved in structuring and negotiating transactions.

Edward Root

Edward Root

Managing Director, 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.