Prudential Financial, Warburg Pincus launch Prismic Life Reinsurance with $1bn initial investment
Prudential Financial, Inc. (NYSE: PRU) and Warburg Pincus have announced the formation of Prismic Life Reinsurance, Ltd., a Class E Bermuda-based reinsurance company. The venture commences with an initial equity investment of $1 billion, with Prudential and Warburg Pincus owning 20% and 15% respectively. Prudential’s Reinsurance Plans with Prismic Life Reinsurance Prudential Financial aims to […]