Prudential, Warburg Pincus Team Up to Back New Reinsurer September 8, 2023 By Allison McNeely Prudential Financial Inc. and Warburg Pincus are among investors that contributed a combined $1 billion of equity to create a...
Global Life Insurers Adapt Pandemic Risk Models After Unexpected Jump in Claims January 13, 2022 By Carolyn Cohn and Noor Zainab Hussain A coronavirus pandemic which lasts five years, another pandemic in a decade, and ever more transmissible variants are among the...
Geneva Association Elects 4 Board Members from Ping An, Prudential, PICC and Aviva June 17, 2019 The Geneva Association, the global organization of insurance and reinsurance chief executive officers (CEOs), announced the election of four new...
Global Regulators Delay, Rethink ‘Too-Big-to-Fail’ Designation for Insurers November 15, 2018 By Huw Jones Global insurance regulators will put off singling out insurers deemed so important to the financial system that they are required...
Treasury Erases ‘Too-Big-to-Fail’ Label on Prudential October 18, 2018 By Andrew G. Simpson The Trump Administration has rescinded the systemically risky – or “too big to fail” – designation for Prudential Financial that...
Peak Re to Get Capital Boost After Prudential Financial Buys 13.1% Stake: A.M. Best February 15, 2018 A wholly owned subsidiary of Prudential Financial Inc. (PFI) has signed definitive agreements to purchase a 13.1 percent stake in...
Insurers Push to Keep Industry Expert Woodall on U.S. Regulatory Council April 19, 2017 By Sarah N. Lynch and Suzanne Barlyn With no sign of a replacement in the works, the U.S. insurance industry is pushing to prevent the departure of...
Global, Diversified Multiline Insurers Best Placed to Withstand Challenges: S&P May 13, 2016 By L.S. Howard Global, diversified insurers are best positioned to withstand the industry’s top economic and competitive challenges, according to a report published...
Global Financial Leaders Warn About Dangers of Negative Interest Rates April 20, 2016 By Finbarr Flynn The chorus of global financial leaders warning about the fallout from negative interest rates is getting bigger. Nobuyuki Hirano, president...
Allianz Puts South Korean Life Insurance Unit on Block: Sources February 24, 2016 By Denny Thomas Europe’s largest insurer Allianz has put its South Korean life insurance business on the block as part of a global...