Daiichi Life to Reinsure Whole Life Block with Prismic Life [Yahoo! Finance]
Prudential Financial, Inc. (PRU)
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Source: Yahoo! Finance
Life Reinsurance International, Ltd. (PLRe International), and Daiichi Life Insurance Co., Ltd. (Daiichi) to reinsure a Yen-denominated in-force block of whole life and annuity policies. Daiichi's obligations to policyholders will remain unchanged following the reinsurance agreement, and Daiichi will continue to administer and service the policies. "This agreement reflects Prismic's continued commitment to supporting the Japan insurance market with tailored reinsurance solutions that help insurers efficiently manage their growth, risk, and capital objectives," said Nandini Mongia, group executive chair and CEO of Prismic. "We value our strong relationship with Daiichi and are pleased to support them with a solution that complements their ongoing servicing and customer commitments." Prismic's business model combines deep insurance expertise with operational scalability and a long-term investment approach, enabling the company to provide customized reinsurance and balance sheet ma
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PRU
Earnings
- 2/3/26 - Miss
PRU
Sec Filings
- 4/21/26 - Form 8-K
- 4/14/26 - Form 8-K
- 4/13/26 - Form 8-K
- PRU's page on the SEC website