Prudential, Warburg Pincus Team Up to Back New Reinsurer

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Insurance Journal - Sep 08, 2023

Prudential Financial Inc. and Warburg Pincus are among investors that contributed a combined $1 billion of equity to create a Bermuda-based reinsurer, Prismic Life Reinsurance Ltd. In its first deal, Prismic is taking on $10 billion of structured settlement annuity …...

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