Backers Say the Platform Is Built for Long-Term Ascent
Warburg Pincus CEO Jeffrey Perlman praised the continued partnership with Prudential and Prismic, saying the reinsurance platform remains “uniquely positioned for long-term, sustainable growth.”
Prismic has already raised over $1.5 billion in prior rounds to support the reinsurance of Prudential Financial’s U.S. and Japanese liabilities, totaling roughly $17 billion.
The company plans to sustain its strategy of leveraging PGIM’s investment heft alongside Warburg Pincus across global public and private markets.
Prudential Calls Reinsurance a Rising Global Force
Prudential Financial CEO Andy Sullivan said Prismic’s model strengthens Prudential’s role in expanding access to investment, insurance, and retirement security worldwide. He emphasized that reinsurance will become increasingly vital as demographic shifts push insurers to optimize capital, risk exposure, and long-duration liabilities.
“Prismic is uniquely positioned to address these needs,” Sullivan said.
Full legal counsel details for the Willkie and Appleby teams advising Prismic were not immediately available Tuesday.
