Global Atlantic’s swaptions book surges

Counterparty Radar: KKR-owned firm exploits lower volatility in Q1 as swaptions market for US life insurers grows 17%


KKR-owned life insurer Global Atlantic added $13.6 billion in fresh interest rate swaptions notional value in the first quarter of the year, aided by a series of chunky trades with JP Morgan and Wells Fargo, data shows.

The increase in swaptions activity came from an almost standing start – as of the end of 2022, Global Atlantic’s US insurance arm had just $94 million of swaptions on its books.

Overall, the swaptions market for US life insurers grew to roughly $193 billion in Q1 from

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here