Tag: Prudential Financial

Prudential Financial, Warburg Pincus launch Prismic Life Reinsurance with $1bn initial investment

businessnewstoday- September 9, 2023

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 ... Read More

FWD to acquire majority stake in Gibraltar BSN to foray into Malaysian life insurance market

Raghuram Kadari- February 22, 2023

FWD Group Holdings, a pan-Asian life insurance business, has agreed to acquire a majority stake in Gibraltar BSN Life Berhad to enter the Malaysian life ... Read More

Prudential to sell full-service retirement business to Empower for $3.5bn

businessnewstoday- July 21, 2021

Prudential Financial, Inc. has agreed to divest its full-service retirement business to Empower Retirement, a Denver-based retirement plan recordkeeping financial holding company, for $3.55 billion. ... Read More

Prudential Financial to sell Korean life insurance subsidiary to KB Financial

businessnewstoday- April 12, 2020

US insurance giant Prudential Financial has signed a deal worth around 2.3 trillion won ($1.9 billion) to sell The Prudential Life Insurance Company of Korea ... Read More

Prudential Financial wraps up $2.3bn acquisition of Assurance IQ

businessnewstoday- October 11, 2019

US financial services giant Prudential Financial has wrapped up its previously announced acquisition of US online insurance startup Assurance IQ, as per the latest insurance ... Read More

Prudential to acquire online insurance startup Assurance IQ for $2.3bn

businessnewstoday- September 7, 2019

Prudential acquisition of Assurance IQ : US financial services giant Prudential Financial has signed a deal worth $2.35 billion to acquire Assurance IQ, an online ... Read More