Explore All 796 Divestiture Insurance Deals - Search the Database Free
M&A Deal Summary |
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|---|---|
| Date | September 15, 2021 |
| Target | Fortitude Life Insurance & Annuity |
| Sector | Insurance |
| Buyer(s) | Fortitude Reinsurance |
| Sellers(s) | Prudential Financial |
| Deal Type | Divestiture |
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Fortitude Reinsurance is a multi-line reinsurance company with deep expertise in the management of closed blocks of insurance liabilities. Fortitude Re is a liability-led company complemented by sophisticated asset sourcing and asset-liability management expertise. Fortitude Reinsurance was founded in 2017 and is based in Pembroke, Bermuda.
| Deal Context for Buyer | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Insurance | 1 of 1 |
| Type: Divestiture | 1 of 1 |
| State: Connecticut | 1 of 1 |
| Country: United States | 1 of 1 |
| Year: 2021 | 1 of 1 |
| Category | Company |
|---|---|
| Founded | 1875 |
| Sector | Insurance |
| Employees | 37,936 |
| Revenue | 70.6B USD (2024) |
Prudential Financial is a provider of arrange of financial products and services, including life insurance, annuities, retirement-related services, mutual funds and investment management. Prudential Financial was founded in 1875 and is based in Newark, New Jersey.
| Deal Context for Seller | # |
|---|---|
| Overall | 9 of 9 |
| Sector: Insurance | 6 of 6 |
| Type: Divestiture | 7 of 7 |
| State: Connecticut | 1 of 1 |
| Country: United States | 5 of 5 |
| Year: 2021 | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-07-21 |
Prudential Financial - Full-Service Retirement Business
Newark, New Jersey, United States Prudential Financial's Full-Service Retirement Business provides a comprehensive suite of retirement recordkeeping and administration services to financial professionals, plan sponsors, and participants. |
Sell | $3.6B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-03-18 |
Alexander Forbes
Sandton, South Africa Alexander Forbes is an insurance broker, asset multi-manager, and financial services company that impacts people’s lives by delivering insight and advice to individuals, employers, and retirement funds. Alexander Forbes was founded in 1935 and is based in Sandton, South Africa. |
Buy | - |
