Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Life Insurance

Prudential Joins Housing Bank System

Your article was successfully shared with the contacts you provided.

An East Coast life insurer now has access to a new source of financing.

Prudential Life Insurance Company, a unit of Prudential Financial Inc., Newark, N.J., has become a member of the Federal Home Loan Bank of New York, officials say.

The FHLBank, a member-owned regional wholesale bank, helps provide financing to support member financial institutions’ mortgage loans and small business loans.

Protective Life now is one of 157 insurers in the FHLBank system, officials say.

The company can use FHLBank financing to back funding agreements, manage assets and liabilities, and manage liquidity, officials say.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.