Press Releases

Prudential Financial, Inc. and Somerset Re Form Reinsurance Relationship

November 12, 2019

Somerset Reinsurance Ltd. (“Somerset”), a leading provider of reinsurance solutions to the U.S. life insurance and annuity market, has executed a new business flow reinsurance treaty with Prudential Annuities Life Assurance Corporation (“PALAC”), a subsidiary of Prudential Financial (“PFI”)(NYSE: PRU). Under the terms of the treaty, Somerset will reinsure a quota share of the new fixed indexed annuities sold by PALAC.


Press Releases

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