Experience

• • Fortitude Re, a Carlyle Group portfolio company, in its acquisition of a $31 billion block of legacy variable annuities from Prudential Financial for a total transaction value of $2.2 billion.
  • The European Banking Federation in its response to the Office of the Comptroller of the Currency's request for public comment on how the Volcker Rule implementing regulations should be revised.
  • Harbinger Group and its subsidiary Front Street Re, in the acquisition of Ability Re by way of a merger of Ability Re with and into Front Street Re, with Front Street Re as the surviving entity.
  • Prudential Financial in three related financing transactions, pursuant to which an insurance subsidiary of Prudential Financial, Prudential Retirement Insurance and Annuity Company, received asset-backed notes totaling $500 million in order to finance its statutory surplus.