Prudential Individual Life Insurance, a business of Prudential Financial, Inc. (PRU), has named Ann Nanda Vice President of Institutional Sales. In this role, she is responsible for building on and executing a strategy to deliver ...
Tags: Life Insurance
Prudential Financial, a life insurance provider, has reported net earnings of $1.04bn for the third quarter of 2013, compared with a loss of $584m for the same period in 2012. The net earnings were driven by retirement services and ...
Prudential Financial’s Individual Life Insurance business is planning to launch BenefitAccess rider on its PruLife Universal Protector policy for an extra premium. The optional rider allows policyholders to use the death benefit to ...
Tags: Life Insurance
Hints that the Federal Reserve could pull back on its easing efforts later this year sent stocks broadly lower, with high-dividend-yielding stock sectors leading declines. After falling modestly in the initial minutes following the ...
Wells Fargo has agreed to make Prudential Retirement’s guaranteed lifetime income solution, IncomeFlex Target, available to its over 3,000 defined contribution retirement plans, to cover over three million plan participants. ...
Tags: Wells Fargo, Prudential Retirement
New York Life Insurance has appointed John Fleurant as its new executive vice president and chief financial officer (CFO), effective from 1 July 2013. Fleurant will replace current executive vice president and CFO Michael Sproule, who is ...
Tags: Life Insurance, care insurance, insurance
Prudential Group Insurance has named Cathy Liston as the chief operating officer of disability business unit to oversee all disability claims and absence management, and related support functions. Before joining the insurance company, ...
The Prudential Insurance Company of America has closed the acquisition of The Hartford’s individual life insurance business through a reinsurance transaction, valued at $615m in cash. The acquirer is expected to receive nearly $7bn ...
Tags: Prudential Insurance, acquisition, America, Hartford
Northwestern Mutual Life Insurance has appointed Ron Joelson as its new chief investment officer. Joelson, who is currently the chief investment officer of Genworth Financial, will succeed Mark Doll, who retires on 30 June 2012 following ...
Prudential Individual Life Insurance, a unit of Prudential Financial has promoted Caroline Feeney, agency distribution’s vice president of the eastern territory, as the president of agency distribution. Feeney will take the place of ...
Tags: Individual Life Insurance, insurance products, investment products
Prudential Financial has appointed Michele Meyer-Shipp as the new vice president and chief diversity officer to oversee all diversity and inclusion initiatives for the company. In this role, she will also maintain ongoing compliance with ...
Tags: Prudential Financial, legal advice, counsel, training
The Prudential Insurance Company of America has inked a deal with Verizon Communications, pursuant to which the latter will transfer nearly $7.5bn in pension plan obligations to the former. Following the completion of the deal expected in ...
Tags: Prudential Insurance, Verizon Communications, pension plan, insurance
Prudential Insurance has struck a deal with General Motors, which will allow Prudential to assume certain salaried retiree benefit obligations as part of GM’s plan to reduce pension obligations by nearly $26bn. The agreement is ...
Tags: Prudential Insurance, General Motors, retiree benefit, insurance
New Jersey-based Prudential Financial has reported first-quarter net loss for its financial services business at $988m or $2.09 per share, compared to net income of $539m or $1.10 per share during the same period in 2011. Financial ...
Tags: Prudential Financial, financial service, net income, quarter 1, finance
Japanese multinational conglomerate Nomura is seriously mulling to dispose or refinance its ING’s insurance unit in Japan, particularly its variable annuity business, with an aim to boost its capital base. A consortium including ...
Tags: Nomura, capital base, ING, insurance