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Prismic Life Announces $5 Bln Reinsurance Deal With Prudential Financial

(RTTNews) - Prismic Life Holding Company, LP, a Bermuda-based life and annuity reinsurance platform, on Monday announced a deal with Prudential Financial, Inc. (PRU) to reinsure a portion of Prudential's recently originated Japanese whole life policies.

We haven't written up this one. Nasdaq Markets has the full story — the link below goes straight to it.

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