Global Atlantic Financial Group, a financial services holding company, Wednesday said it has completed its separation from the Goldman Sachs Group, Inc. (GS).
After private placement, Global Atlantic has $1.75 billion of equity and a global shareholder base of over 1,000 investors, including Goldman Sachs.
Formerly the Goldman Sachs Reinsurance Group, Global Atlantic has more than $15 billion in assets and about 200 employees with offices in New York, Massachusetts, Bermuda and London.
Global Atlantic operates through two segments: a U.S.-focused life and annuity reinsurance segment and a global property and casualty reinsurance segment. The management team that has built and run the business since inception will continue to lead Global Atlantic.
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