Kirkland Advises Wilton Re on Reinsurance of $11B Guaranteed Universal Life Insurance Block From Prudential Financial
August 21, 2024
August 21, 2024
CHICAGO, Illinois, Aug. 21 -- Kirkland and Ellis, a law firm, issued the following news release:
Kirkland & Ellis advised Wilton Re on an agreement with Prudential Financial, Inc. (NYSE: PRU) whereby Prudential will reinsure a portion of its guaranteed universal life block to Wilton Re, resulting in approximately $350 million of expected proceeds, post-closing.
Under the terms of the agreement, Wilton Re will reinsure approximately $11 billion of reserves backing Pr . . .
Kirkland & Ellis advised Wilton Re on an agreement with Prudential Financial, Inc. (NYSE: PRU) whereby Prudential will reinsure a portion of its guaranteed universal life block to Wilton Re, resulting in approximately $350 million of expected proceeds, post-closing.
Under the terms of the agreement, Wilton Re will reinsure approximately $11 billion of reserves backing Pr . . .