Prismic Life Holding Inks Agreement With Prudential Financial To Reinsure ~$5B Of Reserves Backing USD-Denominated Japanese Whole Life Insurance Policies
Prismic Life Holding Company, LP ("Prismic") announced today an agreement with Prudential Financial, Inc. (NYSE: PRU) ("Prudential") to reinsure a portion of Prudential’s recently originated Japanese
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Why It Matters
Prudential sold part of a big insurance pile to another company. This means Prudential spread out its risk, which is smart planning.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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