Latest Prudential Headlines
All the headlines from our Prudential Topic Page, ordered by recency.
Prudential Drops Its Fight Against Systemic Risk Designation
Oct 20 2013 // Prudential Financial Inc., the second-largest U.S. life insurer, abandoned its challenge to a U.S. designation from a Treasury Department panel that subjects the company to increased regulatory oversight. The insurer opted...
Vote on Prudential Systemic Risk Designation Was 7-2
Sep 23 2013 // Prudential Financial Inc., the second-largest U.S. life insurer, was designated systemically important in a 7-to-2 vote by a council of regulators charged with preventing another crisis. Edward DeMarco, acting director of...
Prudential Designated Systemically Risky, Subject to Federal Reserve Oversight
Sep 20 2013 // Insurer Prudential Financial Inc. said on Thursday that U.S. regulators had voted to designate the company as systemically risky, bringing it under stricter regulatory oversight. A group of regulators known as the...
MetLife Says Regulators May Miss Key Insurer Risks with Focus on Bank Rules
Sep 19 2013 // Federal regulators may miss important threats to the financial stability of U.S. insurers by focusing on bank risks, MetLife Inc. Chief Financial Officer John Hele said. “Bank rules overlook key insurance...
Prudential Will Appeal SIFI Designation; AIG, GE Will Not
Jul 3 2013 // Prudential Financial Inc., the No. 2 U.S. life insurer, is contesting a U.S. finding that it poses a potential risk to the financial system, becoming the first company to challenge the label that brings additional...
Insurers, State Regulators Try to Block Bank-Like Rules by Federal Reserve
Jul 3 2013 // MetLife Inc. and Prudential Financial Inc. have been joined by state regulators challenging the Federal Reserve on how to oversee the biggest insurers under the Dodd-Frank law. The insurers and watchdogs are pressuring the...
Council Proposes AIG, Prudential, GE Capital as Systemically Important, Due Extra Scrutiny
Jun 4 2013 // U.S. regulators on Monday proposed designating American International Group Inc., Prudential Financial Inc. and GE Capital for heightened regulatory oversight, in a long-anticipated move aimed at cracking down on risks to...
Prudential Committed to UK As Asia Units Rise
May 8 2013 // Insurer Prudential has reaffirmed a commitment to its British home market as a source of financial strength and profit even as Asian units romped ahead as the main driver of sales. Speaking on Tuesday after posting 8...
UK’s Prudential Fined $45 Million for Hiding AIA Takeover Plans
Mar 27 2013 // Prudential, Britain’s largest insurer, has been fined £30 million ($45.4 million) for failing to tell the UK financial regulator about its attempted takeover of Asian rival AIA three years ago. The Financial...
Financial Oversight Panel Eyes Prudential As ‘Systemically Important’
Oct 19 2012 // The new U.S. risk council has moved closer to deciding whether Prudential Financial is “systemically important,” a Prudential spokesman said on Friday, a tag that would translate into greater regulatory...
Prudential to Pay $615 Million for Hartford’s Life Insurance Unit
Sep 28 2012 // Prudential Financial Inc. will buy the individual life insurance business of Hartford Financial Services Group Inc. for $615 million in cash, the companies said on Thursday. Prudential said the deal would add scale to its...
Prudential Close to Deal to Buy Hartford Life Insurance Unit: WSJ
Sep 27 2012 // 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...
N.J. Giving Prudential $210M Tax Credit for Building New Office Tower
Jun 4 2012 // Prudential Financial will receive a 10-year state tax credit worth up to $210.8 million to support its plans to build a new office tower in downtown Newark, New Jersey.Newark, N.J., skyline with the Prudential headquarters...
Prudential Buying U.S. Life Insurance Business from Swiss Re
May 31 2012 // Britain’s No.1 insurer Prudential Plc on Thursday said it will buy life insurer SRLC America Holding Corp. from Swiss Re AG for 398 million pounds in cash. It said the purchase would be made through...
N.J.-based Prudential Group Insurance Names Chief Information Officer
Feb 28 2012 // Prudential Group Insurance, a unit of Prudential Financial in Newark, N.J., appointed Joseph Hayes vice president, information systems and chief information officer. He will be responsible for group insurance technology...
Prudential Picks Merrill for Advisor on ING Asia Bid
Feb 13 2012 // Prudential Financial Inc , the No.2 U.S. life insurer, has hired Bank of America Merrill Lynch to advise on its possible bid for ING Groep NV’s Asian insurance operations, South Korean media reported, in what is...
New Hampshire, Other States Reach Settlement With Prudential
Feb 6 2012 // New Hampshire insurance officials are announcing a $17 million settlement reached by seven states and Prudential Insurance over the company’s use of the federal government’s master death files. New Hampshire...
New Jersey Approves First Captive Insurer
Jul 19 2011 // New Jersey has approved its first captive insurance company under the new law that became effective in May. The Department of Insurance issued a certificate of authority, effective July 1, to the Prudential Insurance Co....
New Jersey Agent Pleads Guilty to Stealing $1.9M
Jul 18 2011 // A former New Jersey insurance agent has pleaded guilty to defrauding nine clients out of more than $1.9 million, state prosecutors said. Daniel J. Trolaro, 35, of Oakland, was working for Prudential Insurance Co. of...
New Jersey Agent Pleads Guilty to Stealing $1.9M
Jul 7 2011 // A former New Jersey insurance agent has pleaded guilty to defrauding nine clients out of more than $1.9 million, state prosecutors said. Daniel J. Trolaro, 35, of Oakland, was working for Prudential Insurance Co. of...
