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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