Prismic Life Reinsurance, Ltd. announced that it will receive $1,000,000,000 in an equity round of funding on September 7, 2023. The transaction will include participation from new investors Prudential Financial, Inc. for 20% stake, and Warburg Pincus LLC for 15% stake, Nomura Holdings, Inc. and other global investors for remaining 65% stake. The company has entered into an agreement with new investor Nomura Holdings, Inc..

As part of the transaction, two independent directors and one director will be nominated by each of Prudential Financial, Inc., Warburg Pincus LLC, Nomura Holdings, Inc., and the other investors. Gordon Sweely of Nomura Holdings, Inc. will join the company's board of directors.