KKR distributes multi-month salary bonuses to ISC staff after sale to Onex

Following KKR's sale of Integrated Specialty Coverages to Onex Partners, nearly 400 employees received cash bonuses ranging from $10,000 to over $413,000, equivalent to three to thirty months of pay.

KKR’s divestiture of Integrated Specialty Coverages to Onex Partners triggered a profit-sharing payout to roughly 400 ISC employees, with bonuses ranging from $10,000 to over $413,000 and representing three to thirty months of salary. The distribution was announced at a September 18 gathering at San Diego’s Hotel Del Coronado, where long-tenured staff like product manager Justin Berk and operations director Bonnie Stewart each received 30 months of pay.

Workers reported the windfall enabled down-payment savings for homes in Southern California, a first family trip to Maui, and reduced financial strain, aided by complimentary financial-advisor services from KKR. The program rebrands staff as “owners,” offers quarterly performance briefings, and has been replicated through the nonprofit Ownership Works, which also works with firms such as Apollo. To date, KKR’s profit-sharing scheme has delivered about $2 billion to more than 40,000 employees across 15 exited portfolio companies.