State of Connecticut
 
Connecticut Insurance Department

PROPOSED ACQUISITION OF CONTROL - DOCKET # EX 21-78

In the Matter of:

PROPOSED ACQUISITION OF CONTROL OF
PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY
by
GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY,
GWL&A FINANCIAL INC.,
GREAT-WEST LIFECO U.S. LLC,
GREAT-WEST FINANCIAL (NOVA SCOTIA) CO.,
GREAT-WEST LIFECO INC.,
POWER FINANCIAL CORPORATION,
POWER CORPORATION OF CANADA,
PANSOLO HOLDING INC.,
and
THE DESMARAIS FAMILY RESIDUARY TRUST
DOCKET # EX 21-78


OVERVIEW

On August 17, 2021, GREAT-WEST LIFE & ANNUITY INSURANCE COMPANY, GWL&A FINANCIAL INC., GREAT-WEST LIFECO U.S. LLC, GREAT-WEST FINANCIAL (NOVA SCOTIA) CO., GREAT-WEST LIFECO INC., POWER FINANCIAL CORPORATION, POWER CORPORATION OF CANADA, PANSOLO HOLDING INC., and THE DESMARAIS FAMILY RESIDUARY TRUST (the “Applicants”), filed an application on Form A with the Connecticut Insurance Department (the “Department”) pursuant to Conn. Gen. Stat. § 38a-130, and Regs. Conn. State Agencies § 38a-138-6 (the “Application”) requesting approval by the Insurance Commissioner of the State of Connecticut for the proposed acquisition of control (the “Proposed Acquisition”) of the Connecticut domestic insurer PRUDENTIAL RETIREMENT INSURANCE AND ANNUITY COMPANY (the “Domestic Insurer”). The Proposed Acquisition will be effected pursuant to the terms of a Master Transaction Agreement dated as of July 20, 2021.

As required by Conn. Gen. Stat. § 38a-132 and Regs., Conn. State Agencies § 38a-138-6 a public hearing will be held on the Proposed Acquisition of the Domestic Insurer within thirty days after the Application is deemed complete in all respects. When the Application is complete, a notice of public hearing will be issued to consider the Proposed Acquisition.



The following is a list of all documents related to the Proposed Acquisition which are available for public viewing. Some documents which include trade secrets or personal data have been exempted from public inspection pursuant to the Connecticut Freedom of Information Act. (see Conn. Gen. Stat. §1-210).





Connecticut Insurance Department
Contact Us