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PRUDENTIAL LAWSUIT
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Prudential, former top agency manager reach settlement, drop appeals

Tay Peck Gek

Tay Peck Gek

Published Fri, Apr 22, 2022 · 05:50 AM
    • Peter Tan Shou Yi and Prudential have reached settlement and would not proceed with their appeals.
    • Peter Tan Shou Yi and Prudential have reached settlement and would not proceed with their appeals. SPH Media

    PRUDENTIAL Assurance Company Singapore and its former top group agency manager Peter Tan Shou Yi have reached a confidential settlement to drop their respective appeals, putting an end to a high-profile, high-stakes lawsuit.

    Tan will also discontinue his claims against the former chief executive of the insurer and 2 agents in the global settlement, The Business Times understands.

    Tan’s appeal and Prudential’s had been scheduled to be heard on Friday (Apr 22), but with the withdrawal of their appeals, that would now not proceed.

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