Latest Prudential Headlines
All the headlines from our Prudential Topic Page, ordered by recency.
Class Action Challenges Prudential Conversion/IPO Plans
Mar 29 2001 // A lawsuit that could have far-reaching effects has been filed by policyholders of Prudential Life Insurance Co. The suit brought against the company and its directors and senior officer alleges that the directors and...
WJC Will Oppose Prudential Deal Unless It Joins ICHEIC
Mar 20 2001 // Elan Steinberg, the executive director of the World Jewish Congress, said that the organization would oppose Prudential plc’s agreement to acquire Houston-based American General unless the British company agrees to...
Britain’s Prudential To Buy Am Gen In Biggest Insurance Deal Ever
Mar 19 2001 // Last January Prudential plc Chief Executive Jonathan Bloomer indicated he was still looking for opportunities in the U.S. The search culminated March 12 in Houston with the announcement that Britain’s venerable...
Prudential Files Conversion Plan
Mar 15 2001 // Prudential Insurance Co. of America filed on Wednesday to become a public company, with plans to launch an initial public offering in the fourth quarter of this year. The plan, filed with the New Jersey Department of...
Prudential (U.K.) To Buy American General For $26.5 Billion
Mar 12 2001 // In the biggest insurance industry merger ever, Prudential Plc, Britain’s largest life insurer, has agreed on merger plans with Houston-based American General Corp. The combination would create the world’s sixth...
AXA’s Wood Named CEO of Prudential UK, European Operations
Feb 21 2001 // Prudential PLC has appointed Mark Wood as chief executive of the company’s UK and European Insurance businesses effective June 21. At that point Wood, 47, will take over responsibilities from chairman and executive...
Prudential Cuts 2,000 Jobs in Sales Overhaul
Feb 13 2001 // Prudential expects to cut 2,000 sales jobs in Great Britain over the next year in a restructuring of its direct sales force in the UK. The company is reportedly shifting its focus from a large direct sales force to...
PRUDENTIAL FACES $1 BILLION LAWSUIT
Feb 5 2001 // Prudential Insurance Co. is the focus of a lawsuit filed by 15 Palm Beach County residents who are aiming to prove the company sold bogus policies. Pretrial motions were scheduled for today, and jury selection has been set...
Prudential Puts Up $1.3 Billion For Kyoei, Upgrades Taiwan
Feb 2 2001 // The Prudential Insurance Co. of America has reportedly offered to invest at least 150 billion Yen ($1.3 billion) to bail out failed Japanese insurer Kyoei Life. It also announced that its Taiwan operations have become a...
U.K.’s Prudential To Buy Japanese Life Insurer
Jan 23 2001 // The U.K. ‘s Prudential announced plans to purchase Japan’s Orico Life, a subsidiary of Orient Corp., for 23 billion yen (around $200 million). The move will further strengthen the company’s Asian...
Prudential Faces $1 Billion Lawsuit
Jan 22 2001 // Prudential Insurance Co. is the focus of a lawsuit filed by 15 Palm Beach County residents who are aiming to prove the company sold bogus policies. Pretrial motions were scheduled for today, and jury selection has been set...
Lengthy Prudential IPO Plan Gets Pricey
Jan 8 2001 // Prudential Insurance Co. of America has spent more than $200 million on its plan to convert itself into a stockholder-owned company and that is only the beginning. The Newark-based company could potentially wrack up the...
Chiyoda, Kyoei Liabilities Threaten AIG, Prudential Acquisitions
Dec 29 2000 // New revelations of the parlous financial condition of two Japanese Life Companies, Chiyoda and Kyoei, both of whom have filed for bankruptcy protection, puts into question the previously announced plans of American...
Prudential Board Votes to Demutualize
Dec 18 2000 // Prudential Insurance Co. has approved a plan to go public, abandoning its mutual status in an effort to access more capital and greater flexibility. The move would follow on the heels of public offerings by Metlife and...
Prudential California Realty, Tanner Insurance Brokers Join to Sell HO Coverage
Dec 12 2000 // Homeowners will soon be able to buy homeowners insurance through their realtors, thanks to a joint venture between Prudential California Realty and Tanner Companies, LLC, one of the largest regional brokers in...
Then There Were None… Prudential Pulls Out of Equitable Talks
Dec 8 2000 // The U.K.’s Prudential has pulled out of the bidding for Britain’s oldest mutual insurer, Equitable Life, leaving no one left in the running to acquire it, and raising questions about the future of the...
Former West Virginia Prudential Agent Sues over Company’s Alleged Quotas
Oct 27 2000 // A former Prudential agent sued the insurer in a West Virginia Circuit Court Wednesday, alleging the company’s quota system drove him out of business. Billy T. Bush Jr. became a Prudential insurance agent in 1992 and...
Prudential Reduces Rates for Idaho Homeowners
Oct 13 2000 // Oct. 13, 2000 9:35 a.m. CDT
Prudential Launches Strategist – Investment Vehicle for Europe
Oct 6 2000 // America’s Prudential announced that it would begin selling “Strategist” its new investment vehicle aimed at middle income investors in Europe. The move is seen as an effort by the U.S. largest life...
Prudential Opens Tech Center in Ireland
Sep 18 2000 // The Prudential Insurance Co. of America announced the official opening of an offshore programming and technology development center by its subsidiary Pruamerica Systems Ireland Ltd. in Letterkenny, County Donegal. The...
