KKR Names New Global Atlantic Leaders, Succeeding Allan Levine

KKR & Co. is tapping new leaders for its Global Atlantic insurance unit and moving Allan Levine, its CEO and co-founder, into the role of executive chairman.

Billy Butcher and Manu Sareen will become co-heads of Global Atlantic and lead day-to-day operations, KKR Co-Chief Executive Officers Joe Bae and Scott Nuttall said in a memo to staff. A spokesperson for the firm declined to comment.

Levine, who has been with Global Atlantic since its 2004 formation within Goldman Sachs Group Inc., will continue to focus on external insurance relationships and work with the team on growth areas, particularly ...