Latest Prudential Headlines
All the headlines from our Prudential Topic Page, ordered by recency.
Prudential Weighs Sale of Korean Businesses
Oct 6 2009 // Prudential Financial Inc. said it is considering selling its investment and fund management businesses in Korea. Prudential, the second-largest U.S. life insurer, said it was exploring options, including a sale, for...
Bank Insurance Program Productivity Up 12.5% in 2009
Sep 29 2009 // The production of insurance brokerage fee income per bank employee continued to rise through the first two quarters of 2009 to exceed year-end 2008 productivity by 12.5 percent, according to the Michael White-Prudential...
Bank Insurance Brokerage Fee Income Up 15% in Q1
Aug 4 2009 // First-quarter bank holding company (BHC) insurance brokerage income of $3.03 billion was up 15.0 percent from $2.63 billion in fourth quarter 2008, which marked the lowest point of quarterly insurance income since 2005,...
Source Says Prudential in Talks with AIG to Buy Japanese Life Units
Jul 16 2009 // American International Group is in talks with a Prudential Financial Inc. unit to sell two Japanese life insurers, a person familiar with the matter said Wednesday. The talks for AIG Edison Life Insurance Co and AIG Star...
Hartford, Prudential Among Life Insurers Approved for Treasury Funds
May 15 2009 // At least four U.S. insurers won approval on Thursday to raise billions of dollars through the government’s bank bailout plan, the U.S. Treasury Department said. Hartford Financial , the No. 4 U.S. insurer and beset...
AIG’s AIA Gets Prudential (UK), Manulife Offers; China Life Declines
Mar 4 2009 // The UK’s Prudential Plc and Canada’s Manulife Financial Corp made preliminary offers for American International Group Inc.’s Asian unit, but Prudential’s offer fell short of what AIG wants for the...
AIG’s Hopes for Sale of Asian Life Unit AIA Rest With 3 Bidders
Feb 25 2009 // Three potential bidders remain interested in the sale of a large stake in American International Group’s $20 billion Asian life insurance unit, people close to the matter said on Wednesday, as the auction heads into...
AIG Seen Willing to Give Up Majority Control of Asia ‘Jewel’ AIA
Feb 24 2009 // American International Group Inc., facing massive losses and seeking fresh funds, may be willing to give up control of its prized Asian division, worth about $20 billion, said sources with direct knowledge of the...
Prudential In Lead to Acquire AIG Japanese Life Insurance Units
Feb 20 2009 // Prudential Financial Inc. is leading the race to buy two Japanese life insurers put on sale by American International Group Inc. in a deal due to close next week, sources familiar with the matter said on Friday. AIG Edison...
UK’s Prudential Sells Taiwan Insurance Units
Feb 20 2009 // Taiwan’s China Life will buy most of Prudential Plc’s local insurance business, with the UK firm taking around a 10 percent stake in China Life, valued at T$2.18 billion ($64 million), the companies said. The...
AXA, Metlife, Prudential, China’s CIC in AIG Talks
Dec 10 2008 // Insurance firms Axa S.A., MetLife Inc. and Prudential Plc., as well as China’s sovereign wealth fund CIC, are all in talks to buy a unit of U.S. insurance firm American International Group in a deal that is likely to...
Prudential to Sell Securities Brokerage Business Stake to Wells Fargo
Dec 4 2008 // Prudential Financial Inc., the second-largest U.S. life insurer, said it plans to sell its 38 percent stake in the Wachovia Securities brokerage to Wells Fargo & Co. The stake is worth about $5 billion, or more than...
Time to Sue
Nov 30 2008 // Contractual Limitations Provisions in Insurance Policies: What Every Agent and Broker Needs to Know Generally, the statute of limitations for the breach of an oral agreement is four years. However, a shorter period is...
Prudential Eyeing AIG Life Insurance Assets Beyond Asia, Says CEO
Oct 24 2008 // British life insurer Prudential is considering bidding for more than just the Asian operations of American International Group , its chief executive told the Financial Times on Friday. Prudential, the UK’s...
Prudential Financial Names Strangfeld CEO
Nov 30 2007 // The board of directors of Prudential Financial has elected a new chief executive officer. John R. Strangfeld will take the reins of the Newark-based insurance and financial services company on Jan. 1. Strangfeld, 53,...
Prudential Buys Naming Rights to N.J. Devils’ Arena
Jan 10 2007 // For a chunk of change, a piece of the rock will be the next home of the New Jersey Devils. Prudential Financial Inc. and the NHL team announced the company will pay $105.3 million over 20 years to call the Devils’...
Calif. Reaches Settlement with Prudential To End Payment of Undisclosed Commissions
Dec 13 2006 // California Insurance Commissioner John Garamendi on Tuesday announced that Prudential Insurance Co. of America agreed to settle its dispute with the division over alleged abusive practices. As part of the agreement,...
Business Moves
Apr 17 2006 // Aviva, Prudential “It takes two to tango,” as the saying goes, and Prudential (U.K.) apparently has no desire to dance with its larger rival Aviva Plc. It hastily rejected a £17 billion ($30 billion) offer...
Aviva Gives Up on Pru Purchase
Mar 27 2006 // “It takes two to tango,” as the saying goes, and Prudential (U.K.) apparently has no desire to dance with its larger rival Aviva Plc. It hastily rejected a £17 billion ($30 billion) offer a week ago (See IJ...
Prudential (UK) Rejects Aviva Bid
Mar 20 2006 // It may still be wintry and cold in London and Minnesota, but that hasn’t seemed to dampen the springtime ardor for big merger plans. Shortly after speculation rose that St. Paul/Travelers was seeking to merge with...
