Latest Prudential Headlines
All the headlines from our Prudential Topic Page, ordered by recency.
Prudential Buys into Taiwan Fund Manager
Aug 16 2000 // Prudential Insurance Co of America has agreed to acquire a majority stake in Taiwan’s asset management firm, MasterLink Securities Investment Trust Enterprise, for $95 million. Douglas Fergusson, president and chief...
$90 Million in Lawyers’ Fees Approved in Prudential Churning Case
Aug 4 2000 // The final touches on the Prudential Insurance churning scandal, which began close to a decade ago, were approved by a federal judge this week. U.S. District Judge Alfred Wolin, who has presided over the case for most of...
Suits Allege Racial Discrimination by Prudential,
Jul 14 2000 // Prudential Insurance Co. of America and MetLife defended themselves Thursday against alleged racial discrimination in their sale of insurance policies. Prudential acknowledged it did take part in race-based pricing in the...
Karen Suter Sworn In as N.J. Banking and Insurance Commissioner
Jul 7 2000 // Karen L. Suter has been sworn in as Commissioner of the New Jersey Department of Banking and Insurance. Suter, of Medford, served as Acting Commissioner of the department since January. She succeeds Jaynee LaVecchia, who...
U.K.’s Prudential Lists Shares on NYSE-Seeks U.S. Investments
Jun 29 2000 // Trading in shares of financial services group Prudential Plc, the U.K.’s largest life insurer and pension provider, and majority owner of Egg, an on-line bank, has listed its shares on the New York Stock Exchange...
Prudential Offers 15 Million Shares for NYSE Listing
Jun 28 2000 // Prudential Plc expected to raise $209 million through a global offer of 15 million shares listed Wednesday on the New York Stock Exchange. Prudential issued the ordinary shares and American Depositary Shares in a secondary...
Prudential Mortgage Capital Co. Completes Tender Offer For WMF Group
Jun 22 2000 // As a result of the successful offer, Prudential Mortgage Capital Company, LLC intends to effect a “short-form” merger as a result of which WMF will become a wholly owned subsidiary of Prudential Mortgage...
Higgs To Resign As Fund Manager M&G’s Chair
Jun 21 2000 // British insurance group Prudential Plc announced Wednesday that Derek Higgs, chairman of M&G, the European asset management unit of Prudential, would resign his position effective in November, 2000 Higgs is also...
Prudential Plc to List on NYSE; Possibly Expand in U.S.
Jun 14 2000 // Prudential Plc, Britain’s largest life insurer, plans to list on the New York Stock Exchange later this month in an effort to broaden shareholder base and possibly position the company for a U.S....
PRU CALLED BACK TO COURT
Jun 5 2000 // Three law firms have filed a nationwide class action against the Prudential Insurance Company of America and its health care subsidiaries that were recently been sold to Aetna. The case, Romero v. Prudential Insurance...
Prudential Invests in Japanese Insurer
Jun 2 2000 // Prudential Insurance Co. will invest up to $275.9 million in Kyoei Life Insurance Co., making it the biggest shareholder in Japan’s 10th largest life insurance company. The companies are expected to possibly create a...
Class Action Filed Against Prudential
May 23 2000 // Three law firms have filed a nationwide class action against the Prudential Insurance Company of America and its health care subsidiaries that have recently been sold to Aetna. The case, Romero v. Prudential Insurance...
National Class-Action Filed Against Prudential; Seeks Similar Remedy To Texas Decision
Apr 14 2000 // A federal class-action lawsuit filed this week against Prudential Insurance and its healthcare subsidiaries may affect several million people across the U.S. who are participants in, or beneficiaries of, Prudential...
Prudential Reduces Nevada Rates
Mar 2 2000 // Prudential is reducing auto insurance rates for many drivers in Nevada by an average of 2.2 percent statewide. Some Nevada drivers will qualify for reductions of more than 20 percent. The price reduction took effect on...
Best Affirms Prudential’s “A” Rating
Feb 7 2000 // Best Co. affirmed the “A” rating of Prudential Insurance Company of America, based in Newark, N.J. The rating reflects the organization’s diverse and substantial sources of revenues and earnings,...
