Prudential reports 27% rise in sales
In a trading update published ahead of today’s Annual General Meeting, Prudential has reported group-wide sales of £1,355 million for the first five months of 2010, up 27% on a year earlier. The...
View ArticleEx Pru chief executive to head AIA
In a strange twist, former Prudential chief executive, Mark Tucker, has been named as the new head of AIA, replacing Mark Wilson. Prudential only abandoned its plans to acquire AIA in June, having...
View ArticlePrudential to acquire AIG businesses in Japan
American International Group, Inc. (AIG) has announced that it is to sell its Japan-based life insurance businesses subsidiaries, AIG Star Life Insurance Co., Ltd. and AIG Edison Life Insurance Company...
View ArticlePrudential outlines Asian growth targets
Prudential is outlining new growth and profitability targets for Asian markets at an investor conference being held today. Group chief executive, Tidjane Thiam, is unveiling plans for the company to...
View ArticlePrudential appoints group chief risk officer
Prudential has announced the appointment of John Foley as group chief risk officer and executive director on the insurer’s board, from 1st January 2011. The 54-year-old, who is currently chief...
View ArticlePru bungles pension fund valuations
Prudential is contacting 39,000 pension customers whose funds have been incorrectly valued, The Daily Telegraph reports. According to the newspaper, the Pru will be paying out £4 million over...
View ArticlePrudential new business profit up 17%
Prudential has continued to deliver strong growth, with group-wide new business profit up 17% in the first quarter of 2011, compared with the previous three-month period, to £498 million. In Asia, new...
View ArticlePrudential expands in Thailand with partnership and acquisition
Prudential and Thanachart Bank have agreed an exclusive 15-year partnership to develop jointly their bancassurance business in Thailand. In addition, Prudential Thailand will acquire 100% of Thanachart...
View ArticlePrudential fined £50k for customer account error
The Information Commissioner’s Office (ICO) has fined Prudential £50,000 after a mix-up over the administration of two customers’ accounts led to tens of thousands of pounds, meant for an individual’s...
View ArticleCouples keep heads in the sand over finances
One in seven (14%) UK couples over the age of 40 – or around 4.2 million people – admit they have never jointly discussed their finances, according to new research from Prudential. Fears about having...
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