Prismic Life Announces Completion of Oversubscribed Capital Raise

HAMILTON, Bermuda--(BUSINESS WIRE)--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. Prismic is sponsored by Prudential Financial, Inc. (NYSE: PRU) (PFI) and War.