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Procaps S A : and subsidiaries (The Group) - Form 6-K -December 26, 2023 at 05:29 pm EST

Prudential Financial Completes Sale to Fortitude Re of $31B Block of Traditional Variable Annuities

Prudential Financial Completes Sale To Fortitude Re Of $31B Block Of Traditional Variable Annuities – InsuranceNewsNet

NEWARK, N.J.& JERSEY CITY, N.J. Prudential Financial, Inc. and Fortitude Group Holdings, LLC, the parent company of Bermuda’ s largest multi-line reinsurer, today announced the completed sale to Fortitude Re of a portion of Prudential’ s legacy traditional variable annuity block. Consistent with the agreement announced on Sept. 15, 2021, Fortitude Re has acquired.

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