Prudential Financial and Warburg Pincus launch Prismic Life
Prudential Financial, Inc.(Prudential) and Warburg Pincus yesterday announced the launch of Prismic Life Reinsurance, Ltd. (Prismic), a licensed Class E Bermuda-based life and annuity reinsurance company. Prudential and Warburg Pincus, together with a group of investors, have agreed to make equity investments in Prismic and will oversee its long-term strategy through participation on its board of directors. […]