Report: Prudential to Buy Hartford Life Insurance Unit

Published September 27, 2012

| Reuters

Prudential Financial Inc is close to a deal to acquire the individual life insurance business of Hartford Financial Services Group Inc, and a deal could be struck as soon as Thursday, the Wall Street Journal reported.

The paper, citing a source familiar with the talks, said it would be structured as a complicated reinsurance transaction.

The companies were not immediately available to comment.

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