Archive

  • Prudential cuts $11bn reinsurance deal with Wilton Re

    22 August 2024

    Deal will offload 40% of insurer's remaining guaranteed universal life statutory reserves

  • Prudential Financial has "learned lessons" after shutting insurtech acquisition Assurance IQ

    02 May 2024

    Confident of expanding Bermudian reinsurer Prismic despite regulatory change

  • Nuclear war, AI and net zero: CEOs ponder what insurance will look like in 2050

    30 November 2023

    Insurance leaders talk nuclear threats, AI's transformative power and the race to net zero as they try to predict the future of industry at the Geneva Association's summit. Joshua Geer reports

  • Prudential Financial launches Prismic Reinsurance

    08 September 2023

    Bermudian-based reinsurer set up with Warburg Pincus with an initial $10bn annuity base

  • Talent is at a premium, says Prudential Financial's CEO

    24 August 2022

    Insurers are facing challenges recruiting and keeping hires post-pandemic

  • Prudential Financial under no pressure to shed more annuities

    10 December 2021

    Still too early to forecast LDTI impact, says chief executive Charlie Lowrey

  • Prudential Financial offloads $31bn in variable annuities to Fortitude Re

    15 September 2021

    Latest divestment accounts for 17% of the insurer's annuity book

  • Prudential Financial cutting annuities to battle low interest rates

    08 February 2021

    Insurer reports full year loss of $374m as company looks to less rate sensitive products

  • Prudential Financial reports Q1 loss of $271m

    06 May 2020

    Includes $698m pre-tax investment losses

  • Prudential Financial to acquire health and life insurtech for $2.35bn

    05 September 2019

    Assurance IQ will lower customer acquisition costs while giving high levels of service, insurer says