The two financial firms are launching Prismic Life Reinsurance with $10 billion in reserves. Prudential Financial Inc. and Warburg Pincus LLC announced Thursday the creation of a new life and annuity ...

NEWARK, N.J., January 22, 2025--(BUSINESS WIRE)--Prudential Financial, Inc. (NYSE: PRU) announced today an agreement to reinsure a portion of its recently originated Japanese whole life policies with ...

Prudential Financial Inc has agreed to reinsure a portion of its recently originated Japanese whole life policies with a subsidiary of Bermudian-based Prismic Life, the life and annuity reinsurance ...

Prudential Financial Inc. PRU and Warburg Pincus jointly launched Prismic Life Reinsurance, Ltd. (Prismic). Both entities, along with a group of investors, will have a stake in Prismic, a licensed ...

Prudential and Warburg Pincus will initially own 20 percent and 15 percent of the equity in Prismic, respectively Financial services veteran Amy Kessler will lead Prismic as CEO Headquartered in New ...

$10 billion initial reinsurance transaction and $1 billion equity capital investment establishes new reinsurance platform positioned for scale and long-term growth on behalf of customers NEWARK, N.J.- ...