Global Atlantic Unveils New Bermuda Office to Accommodate Expansion and Growth
Global Atlantic Financial Group ("Global Atlantic"), a leading insurance company meeting the retirement and life insurance needs of individuals and institutions, today announced a strategic expansion of its Bermuda office into a new, state-of-the-art facility at Washington House, located on Church Street in Hamilton. The move marks a major milestone for the company's continued growth and investment in the island.
The new office space, which more than triples Global Atlantic's previous footprint to over 15,000 square feet, offers a modern and collaborative work environment. Key features include open-concept workspaces, a lounge area and an outdoor patio designed to foster collaboration, creativity and productivity.
The expansion further reinforces Global Atlantic's commitment to Bermuda, where the firm has significantly grown its local presence. The team now includes nearly 60 employees, with headcount doubling over the past two and a half years and increasing by 30% in the last 18 months alone. This strong foundation has been instrumental in driving Global Atlantic's growth. Today the firm manages approximately $190 billion of insurance liabilities, the majority of which resides in Bermuda.
"The investment in our new space here at Global Atlantic is a reflection of our long-term commitment to creating an exceptional environment for our team and delivering even greater value to our clients," said Darryl Herrick, Managing Director, Co-Head of Reinsurance at Global Atlantic Financial Group and President of Global Atlantic Re. "Bermuda is a vital part of our story, and we're proud to strengthen our presence in a community that shares our vision for innovation, excellence, and sustainable growth. We're excited about what the future holds and remain deeply committed to investing in Bermuda for many years to come."
In addition to growing its presence in Bermuda, Global Atlantic continues to invest in local non-profit organizations. The Global Atlantic Re foundation was launched in May of 2023, with a goal of providing opportunities that promote economic development, education, and environmental sustainability initiatives across Bermuda.
About Global Atlantic
Global Atlantic Financial Group is a leading insurance company meeting the retirement and life insurance needs of individuals and institutions. With a strong financial foundation and risk and investment management expertise, the company delivers tailored solutions to create more secure financial futures. The company's performance has been driven by its culture and core values focused on integrity, teamwork and the importance of building long-term client relationships. Global Atlantic is a wholly-owned subsidiary of KKR, a leading global investment firm. Through its relationship, the company leverages KKR's investment capabilities, scale and access to capital markets to enhance the value it offers clients. 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, including Forethought Life Insurance Company and Accordia Life and Annuity Company. Each subsidiary is responsible for its own financial and contractual obligations. These subsidiaries are not authorized to do business in New York.
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Jenn Bernstein, Corporate Communications, Global Atlantic Financial Group
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