Prudential financial completes sale to fortitude re of $31b block of traditional variable annuities

Newark, n.j. & jersey city, n.j.--(business wire)--prudential financial, inc. (“prudential”) (nyse: pru) and fortitude group holdings, llc, the parent company of bermuda's largest multi-line reinsurer (“fortitude re”), today announced the completed sale to fortitude re of a portion of prudential's legacy traditional variable annuity block. consistent with the agreement announced on sept. 15, 2021, fortitude re has acquired one of prudential's subsidiaries, prudential annuities life assurance co
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