Prismic Life to Reinsure $5bn of Prudential’s Japanese Whole Life Policies

Prudential Financial Agrees to $5 Billion Reinsurance Deal With Prismic - FINCHANNEL

Prudential Financial Agrees to $5 Billion Reinsurance Deal With Prismic

Prismic expands Japanese business with $5bn deal

Bermuda-based Prismic Life has agreed to reinsure approximately $5 billion of reserves backing US dollar-denominated Japanese whole life policies issued by Prudential Financial’s Japanese affiliates. ...

Prismic Life to reinsure $5bn of Prudential’s Japanese whole life policies

Prismic Life Holding Company, LP, a reinsurance company providing capital and risk management solutions to insurers, has reached an agreement with Prudential Financial, Inc., covering a portfolio of Japanese whole life insurance business. As part of the arrangement, Prismic will assume reinsurance on approximately $5 billion of reserves associated with USD-denominated whole life policies issued […]

Prismic Life Announces $5B Prudential Deal

Prismic Life Holding Company, LP announced an agreement with Prudential Financial, Inc. to reinsure a portion of Prudential’s recently originated Japanese whole life policies. A spokesperson said, “Under the terms of the agreement, Prismic will reinsure approximately $5 billion of reserves backing USD-denominated Japanese whole life insurance policies originated by Prudential’s Japanese affiliates. Prudential’s obligations […]