Prismic agrees to reinsure about $5bn of reserves on Prudential’s Japanese whole life policies
By IAN Editorial Desk
5 October 2026·1 min read
Primary source: news.prudential.com
Prudential keeps its obligations to policyholders and will continue to administer the reinsured contracts.
Prismic Life Holding Company announced on 5 October 2026 an agreement with Prudential Financial to reinsure a portion of Prudential's recently originated Japanese whole life policies. Under the terms, Prismic will reinsure approximately $5bn of reserves backing US dollar-denominated whole life policies written by Prudential's Japanese affiliates.
According to the announcement, Prudential's obligations to those policyholders will remain unchanged following…
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