Prudential Financial has received a subpoena from Connecticut attorney general Richard Blumenthal asking for information about its participation in a number of reinsurance transactions.
In a securities filing, the financial services company reported it uses reinsurance "primarily to transfer mortality risk, to acquire or dispose of blocks of business and to manage our capital more effectively."
Prudential said it had started a review of its accounting for reinsurance arrangements prior to receiving the subpoena, in light of news over reinsurance transactions involving other companies.
It said it would cooperate with the investigation.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
