Debevoise & Plimpton LLP is advising Prudential Financial (NYSE: PRU) in its $7 billion agreement to reinsure a portion of its recently originated Japanese whole life policies with a subsidiary of Prismic Life, a Bermuda-based life and annuity reinsurance company sponsored by Prudential and Warburg Pincus and supported by a group of global investors. For more information, please see the company’s press release.

The Debevoise team is led by insurance M&A partner David Grosgold and counsel Matthew Parelman and includes associates Susie Kim and Yae Rin Kim, finance partner Ramya Tiller and associate Vlad Krasner, tax partners Daniel Priest and Peter Schuur and associates Charlie Daley and Miriam Yeger and banking counsel Emilie Hsu.