Hints and tips:
...Blackstone will combine its insurance and credit businesses into an integrated unit called Blackstone Credit & Insurance, which chief executive Steve Schwarzman says could grow to manage $1tn in the next...
...The way life insurance policies are sold has changed “forever” because of the pandemic as agents who have worked face-to-face for decades have switched to video, Prudential’s chief executive has said....
...“The man from the Pru” was for years a fixture of British society, going door to door to sell Prudential’s insurance policies....
...Prudential 35% cut to FY21 estimates....
...Our insurance team’s favorite life companies are Prudential and ASR We remain overweight of P&C Defensive: The sector should be agnostic to the cycle (having no correlation with HY spreads and PMIs) yet...
...Several financial institutions did not respond to requests for comment, including JPMorgan, American Express, State Street, Northern Trust and Prudential Financial....
...Mr Picher, who was head of fixed income and alternatives at M&G Prudential, will replace Roger Gray in October. Mr Gray is retiring after 10 years at USS....
...Simon Pilcher will join the £64bn pension scheme for the UK higher education sector in October from M&G Prudential. He replaces Roger Gray, who will retire....
...Containment of the number of new cases has been impressive in mainland China, and we now expect a V-shaped recovery from the second quarter onwards there....
...Prudential was the last insurance group to remain on a list of non-bank companies deemed “systemically important”, a label that carries extra-close supervision by the Federal Reserve....
...In Break up to make up, which looked at the potential for several European conglomerates to break up, we calculated the conglomerate discount at Prudential to be 22%, slightly higher than the European insurance...
...But some employers are going further, stumping up hard cash on top of conventional retirement account contributions and health insurance provision....
...Insurance executives will face questions this week about the financial implications of the outbreak, especially after it caused an unexpectedly big hit to profits at Reinsurance Group of America....
...Mark Grier, vice-chairman of Prudential Financial, said last week that the debacle at MetLife was “certainly getting a lot of attention”....
...A few hours later, it is Nice v Caen at the Allianz Riviera in France, while in the following days the action switches to Allianz-branded venues in Vienna and São Paulo....
...The AIG decision leaves the life and investment group Prudential Financial as the only remaining Sifi....
...“Prudential will be out before long,” said Ian Katz, policy analyst at Capital Alpha....
...Mr Greenberg last month criticised the London insurance market, which will be within Lord Turner’s purview at Chubb, for “predatory” behaviour in insurance broking....
...The danger, said Robert Falzon, Prudential Financial’s chief financial officer, is that the proposals could end up replacing “one level of noise for another”....
...they did not want, reports Alistair Gray in New York....
...Although shares in Prudential dropped 1.4 per cent on Monday, there were signs the insurance group could contain the fallout....
...Wells confirmed on Monday that pointing towards the Prudential insurance coverage had been part of the criteria in staff incentive plans, but no longer is....
...Clive Cowdery, the British life insurance dealmaker, is also known to be interested in pursuing deals in Europe....
...The council is comprised mainly of the heads of top regulators, including the Securities and Exchange Commission, Federal Deposit Insurance Corporation and Consumer Financial Protection Bureau....
...A new repercussion of the account opening scandal emerged earlier this week when Prudential Financial became the first outside company to take action over it: the insurer suspended a distribution deal with...
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