Somerset Announced Close of Reinsurance Transaction With Prudential
“Closing our third transaction with Prudential extends both Somerset’s track record of providing superior risk management solutions for asset-intensive liabilities and the long-time relationship between our companies,” said
This transaction covers policies written prior to 2015 and represents approximately one-third of Prudential’s total guaranteed universal life statutory reserves. Prudential will continue to service the block.
About
Somerset Re is a leading provider of reinsurance solutions for life insurance and annuity business, helping its clients manage capital efficiency and improve their financial results. Somerset Re solutions include programs for new business flow, management of legacy blocks of life insurance and annuities, and capital-motivated reinsurance solutions globally. Large insurers ranked Somerset No. 1 in the Business Capability Index (BCI), as measured by NMG Consulting’s 2023 U.S. Structured Financial Solutions study in the Asset-intensive Segment. For further information, please visit www.somersetre.com.
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