Reinsurance News

Prismic Life Reinsurance

AM Best assigns Credit Ratings to Prismic Life Re and PL Re International

24th December 2025

AM Best has assigned Credit Ratings to Prismic Life Reinsurance, Ltd. (Prismic Life Re) and Prismic Life Reinsurance International, Ltd. (PL Re International), both domiciled in Bermuda, with a stable outlook. The ratings agency assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) ... Read the full article

Michel White joins Prismic Life Re as CEO, Bermuda

25th November 2025

Michael White has joined Prismic Life Reinsurance, a Bermuda-based life and annuity reinsurer and Prismic subsidiary, as CEO, Bermuda. The executive is joining the company from InEvo Re, a life & annuity reinsurer specialising in asset-intensive reinsurance and risk management solutions for global insurers, where he served as Chief Executive Officer ... Read the full article

Prudential backed Prismic Life raises $1.3bn to expand its reinsurance platform

18th November 2025

Prismic Life Holding Company, LP (Prismic) has raised $1.3 billion in its third successful capital raise, sponsored by Prudential Financial, Inc. (PFI) and Warburg Pincus, and supported by participation of a global consortium of investors, providing the firm with additional capacity to grow its reinsurance platform. Prismic is a Bermuda-exempted limited ... Read the full article

Prudential Financial to reinsure $7bn Japanese Whole Life Block with Prismic

23rd January 2025

Prudential Financial, Inc. has signed an agreement to reinsure a portion of its recently originated Japanese whole life policies with a subsidiary of Bermuda-based life and annuity reinsurance company Prismic Life. Under the terms of the agreement, Prismic, sponsored by Prudential and Warburg Pincus and supported by a group of global ... Read the full article

Nomura announces equity investment in Prismic Life Re

11th September 2023

Nomura has announced it has made an equity investment into Prismic Life Reinsurance, a licensed Class E Bermuda-based life and annuity reinsurance platform, alongside Prudential Financial, Warburg Pincus and other investors. Combined, Prismic will have an initial equity investment of approximately $1 billion. 65% of the equity is owned by ... Read the full article

Prudential Financial and Warburg Pincus launch Prismic Life Re

8th September 2023

Prudential Financial, Inc. and Warburg Pincus have announced the launch of Prismic Life Reinsurance, Ltd, a licensed Class E Bermuda-based life and annuity reinsurance company. A group of global investors, along with Prudential and Warburg Pincus, have agreed to make an initial equity investment in the reinsurer of $1 billion. The two ... Read the full article