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...Shinichiro Funabiki, chief executive of Mitsui Sumitomo Insurance, told the Financial Times the company had decided to focus its investment plans on the UK because of London’s primacy in analysing complex...
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...Wadhwani began his role in February, but has only started publicly outlining his plans for Prudential in the past week, after the company published half-year results....
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...The company said this exposure was “well diversified”. Shares in Prudential fell 6 per cent by late-morning trading in London, against a broadly flat FTSE 100 index....
...Insurance group Prudential’s new business profit rose by about 45 per cent to $3.1bn last year, as its core business in Hong Kong continued to recover from the impact of coronavirus restrictions....
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...on buyout groups’ attempts to trust-build with prudential regulators....
...Prudential suffered a steep drop in profits in Hong Kong last year as pandemic rules prevented mainland Chinese customers from crossing the border to buy insurance policies in the territory, an important...
...Prudential officials predicted, on a call with analysts last week, a $200mn “restructuring charge” in the fourth quarter while they continue to try to increase the assets under management of PGIM, the insurance...
...company....
...When insurance companies cede risk to reinsurers, they heavily scrutinise them either directly or via careful monitoring of their credit rating reports....
...British banks have been spared the imminent cost of pre-funding a multibillion-pound deposit insurance guarantee scheme after the collapse of Silicon Valley Bank’s UK arm in March exposed weaknesses in existing...
...The appointment is a “positive” for the company, given his roles at Prudential, said Nasib Ahmed, analyst at UBS....
...Australia’s prudential regulator made one of its key supervision priorities this year the “availability, affordability and sustainability” of insurance....
Case studies in best practice among general counsel and company legal teams in North America
....— Royal Insurance and Sun Alliance & London Insurance merged, forming the company that would eventually become RSA Insurance, which was then acquired — so they both show up as acquired here.— Several FTSE...
...Hong Kong-based Turner, who has held the role for just over a year, will be replaced by Ben Bulmer, chief financial officer of Prudential’s insurance and asset management business, but will remain “available...
..., currently finance chief for the company’s insurance and asset management division....
...It ranks fourth in the latest FT-Statista Diversity Leaders list of 850 European companies, putting it at the top for banking and financial services companies....
...The financial services plan will be launched on Thursday at a Labour business day attended by 400 business leaders, including from companies such as Google, Shell, AstraZeneca, Airbus and Goldman Sachs....
...Money held in epayment companies such as PayPal, school meal schemes and foreign payment firms, Revolut for example, are not covered....
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