Prudential to Change Strategic Direction in Individual Life Insurance and Annuities
Prudential Financial Inc. (PRU) announced yesterday (September 15, 2021) that it intends to sell a large
portion of its existing variable annuity business to Fortitude Group Holdings LLC (FGH), a Bermuda based
holding company. FGH is the parent company of Fortitude Re (FRE), one of Bermuda’s largest multi-line
reinsurers.