Mr. Sareen continues to oversee Institutional Markets business in expanded role
Global Atlantic Financial Group (“Global Atlantic”), a leading U.S.-focused annuity and life insurance company, has appointed Manu Sareen as Co-President alongside Rob Arena, effective immediately. Mr. Sareen will partner with Mr. Arena supporting Chairman and CEO Allan Levine in operating the business and executing the company’s growth strategy. Mr. Sareen will also continue to oversee the company’s Institutional Markets business.
Mr. Sareen has been a member of the Global Atlantic team since its formative days as the Goldman Sachs Reinsurance Group (GSRG). Under his leadership, the Institutional Markets business has built a reputation as a premier, client-centric reinsurance partner in the industry. Over the past year alone the team has executed over $20 billion of transactions. The team also expanded internationally, signing its first deal in Asia.
With Mr. Arena also having oversight of Individual Markets and Mr. Sareen continuing to lead Institutional Markets, the Co-President roles are aligned to reinforce the criticality and strategic importance these core businesses. The Co-President construct also provides for dedicated leadership to ensure that the interests of policyholders and clients are represented at the highest levels of the company.
“Manu has an exceptional track record of success and strategic vision, and I look forward to working more closely with him his new role,” said Mr. Levine. “Having Co-Presidents that align with our two businesses optimally positions us to build on our success, continuing to deliver clear value in the marketplace while driving significant growth for Global Atlantic.”
“This is a very exciting time for Global Atlantic, and I look forward to working with Allan and Rob to pursue our growth strategy,” said Mr. Sareen.
Before joining Global Atlantic and GSRG, Mr. Sareen advised financial institutions and life insurance companies as a member of Goldman Sachs investment banking group. Prior to Goldman Sachs, he helped start CashEdge, a leading provider of internet-based payment services, which was ultimately sold to Fiserv.
About Global Atlantic
Global Atlantic Financial Group is a leader in the U.S. life insurance and annuity industry, serving the needs of individuals and institutions. With differentiated investment and risk management capabilities, deep client relationships, and a strong financial foundation, the company has established a track record of delivering proven, value-added solutions and long-term growth. Global Atlantic is a majority-owned subsidiary of KKR, a leading global investment firm that offers alternative asset management across multiple strategies and capital markets solutions. KKR’s parent company is KKR & Co. Inc. (NYSE: KKR).
Global Atlantic Financial Group (Global Atlantic) is the marketing name for The Global Atlantic Financial Group LLC and its subsidiaries.
Reinsurance transactions are entered into by Global Atlantic Assurance Limited, Global Atlantic Re Limited, Commonwealth Annuity and Life Insurance Company or one of their affiliates. Reinsurance is placed, where required by applicable law, by Global Atlantic Risk Advisors, L.P., a licensed reinsurance intermediary and subsidiary of The Global Atlantic Financial Group LLC.