Latest Prudential Headlines
All the headlines from our Prudential Topic Page, ordered by recency.
Australia’s Prudential Watchdog Targets Longest-Serving Board Directors
Mar 6 2025 // Australia’s prudential regulator has long-serving board directors in its sights with a proposal to limit their terms to 10 years. The Australian Prudential Regulation Authority’s suggestion was one of several...
Prudential to Wind Down Direct-to-Consumer Assurance Business
May 1 2024 // Less than five years after acquiring online insurance startup Assurance IQ for $2.35 billion, Prudential is shutting it down. “Prudential Financial routinely evaluates strategic opportunities for its businesses that...
Prudential Reports Unauthorized Access to Its Computer Systems
Feb 14 2024 // Prudential Financial has disclosed a hacker gained unauthorized access to its systems earlier this month. In a Feb. 13 filing with the U.S. Securities and Exchange Commission, Prudential said that on Feb. 5 it detected a...
Prudential, Warburg Pincus Team Up to Back New Reinsurer
Sep 8 2023 // Prudential Financial Inc. and Warburg Pincus are among investors that contributed a combined $1 billion of equity to create a Bermuda-based reinsurer, Prismic Life Reinsurance Ltd. In its first deal, Prismic is taking on...
CFO of UK’s Prudential Resigns Amid Probe Into Conduct
May 31 2023 // Prudential Plc Chief Financial Officer James Turner resigned on Wednesday amid a probe into a code of conduct matter related to a recent recruitment situation, with the firm saying he didn’t meet its standards. The...
Man Pleads Guilty to $2M Fraud in Prudential-Administered Military Injury Program
Nov 1 2022 // A former U.S. Navy chief petty officer, now living in Georgia, has pleaded guilty to being the ringleader in a $2 million scheme that claimed unusual injuries to defraud a military disability program administered by The...
People Moves: FM Global Names Broad, Johnson to New Roles; Koller Joins Amlin From Prudential
Sep 8 2021 // FM Global Names New Chief Officers of Underwriting and Client Experience FM Global, the Johnston, R.I.-based commercial property insurer, has promoted two of its senior leaders into new roles. Lyndon Broad Lyndon D. Broad...
S. African Regulator Says Business Interruption Virus Claims Don’t Pose Systemic Risk
Jul 16 2020 // South Africa’s Prudential Authority expects that business-interruption claims linked to the Covid-19 pandemic poses little systemic risk to the insurance industry. The regulator is in talks with the country’s...
Growing Number of UK Insurers Cancel Dividends Amid COVID-19 Concerns
Apr 8 2020 // British insurers canceled more than 1 billion pounds ($1.2 billion) of dividends on Wednesday, in moves welcomed by the Bank of England which had cautioned the sector about the risk of heavy costs from the spread of the...
UK’s Prudential to Buy Thai Bancassurance Partnership from FWD Group
Mar 19 2020 // Prudential Plc, the UK insurer besieged by activist investor Third Point, has agreed to acquire a bancassurance partnership in Thailand from FWD Group Ltd. in a 24.5 billion baht ($753 million) deal. Prudential’s...
Prudential in Talks to Fully Control China Venture; Weighs Sale of U.S. Business
Feb 7 2020 // Prudential is in talks that could lead to it taking full control of its 50:50 joint venture with China’s CITIC and is considering selling some or all of its U.S. business to sharpen its focus on Asia, a source told...
Prudential to Pay $2.35 Billion for Insurtech Startup Assurance IQ
Sep 6 2019 // Prudential Financial Inc. is set to buy online insurance startup Assurance IQ Inc for $2.35 billion, the latest in a series of moves by traditional insurers to up investment in technology and data crunching by buying...
Prudential to Complete Split of Insurance, Asset Fund by Year’s End
Aug 14 2019 // Britain’s biggest insurer Prudential will complete a planned break-up of the company by the end of the year, with its UK-focused fund and insurance business set to list as M&G Plc. The Asia and U.S.-focused rump...
Geneva Association Elects 4 Board Members from Ping An, Prudential, PICC and Aviva
Jun 17 2019 // The Geneva Association, the global organization of insurance and reinsurance chief executive officers (CEOs), announced the election of four new board members. They are: Yuansiong Lee, co-CEO, Ping An Insurance Co. of...
Global Regulators Delay, Rethink ‘Too-Big-to-Fail’ Designation for Insurers
Nov 15 2018 // Global insurance regulators will put off singling out insurers deemed so important to the financial system that they are required to hold extra capital, in a victory for companies such as American International Group and...
Treasury Erases ‘Too-Big-to-Fail’ Label on Prudential
Oct 18 2018 // The Trump Administration has rescinded the systemically risky – or “too big to fail” – designation for Prudential Financial that placed the financial services giant under extra regulatory scrutiny. The...
Singapore Lender UOB Reviews Non-Life, Life Bancassurance Businesses: Sources
Oct 11 2018 // Singapore lender United Overseas Bank Ltd. is reviewing its insurance business, including an existing partnership with Prudential Plc, after Southeast Asia witnessed a wave of lucrative distribution deals, people familiar...
Prudential Joins Direct-to-Consumer Movement
Sep 4 2018 // Prudential is going straight to consumers with its insurance and investment products for the first time in its 143-year history, a move that follows rivals and startups which are already well established in the field. The...
China’s Tech-Focused Insurer Ping An May Be Poised for Major Asian Growth Leap
Aug 13 2018 // China’s Ping An Insurance (Group) Co. has 23,000 research staff, 500 big-data scientists and spends billions of dollars a year on R&D. Last year, it attracted 46 million new customers, equivalent to the...
Ping An Eyes Bid For Prudential’s Asia Business, in Biggest Outward M&A: Sources
Aug 9 2018 // Ping An Insurance (Group) Co. is considering buying Prudential Plc’s Asia business, people familiar with the matter said, a deal that would reshape Asia’s booming insurance industry and mark the biggest-ever...
