Prismic Life Announces Completion of Oversubscribed Capital Raise
Prismic Life Holding Company, LP (Prismic) today announced the successful completion of its previously announced capital raise. The approximately US$1.9 billion of total commitments reflects an oversubscribed closing, exceeding its original US$1.6 billion target. The additional capital expands Prismic’s capacity and flexibility to support a broader range of reinsurance opportunities.
Daiichi Life to Reinsure Whole Life Block with Prismic Life
Prismic Life Holding Company, LP (Prismic) announced today an agreement between its subsidiary, Prismic Life Reinsurance International, Ltd. (PLRe International), and Daiichi Life Insurance Co., Ltd. (Daiichi) to reinsure a Yen-denominated in-force block of whole life and annuity policies.
