Prudential Completes Retirement and $31B Annuity Deals
April 5, 2022 by Allison Bell
Prudential Financial says it’s now stronger, leaner and eager to sell annuities.
The Newark, New Jersey-based life and annuity issuer has announced the completion of two major, previously announced deals.
The company has closed on an agreement to sell a subsidiary, Prudential Annuities Life Assurance Corp., to Fortitude Re, a Bermuda-based reinsurer controlled by The Carlyle Group and T&D Holdings of Japan.
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Originally Posted at ThinkAdvisor on April 4, 2022 by Allison Bell.
Categories: Industry Articles