KKR Is Said in Talks to Buy Stake in Hong Kong Reinsurer Peak Re

KKR & Co. is in talks to buy a minority stake in Hong Kong-based Peak Reinsurance Co., according to people familiar with the matter.

The US alternative asset manager has emerged as the likeliest buyer for a stake in Peak Re, which is majority-owned by Fosun International Ltd., the people said, asking not to be identified because the deliberations are private. Talks are at an advanced stage and an agreement could be reached within coming weeks, the people said.

Considerations are ongoing and no final decisions have been made, they added.

A representative for KKR declined to comment, ...