Prudential
AIA, Prudential create senior roles in Hong Kong for wealthy China clients
The firms are catching up with early movers that have recently been logging record premiums
HSBC, AIA, Prudential shares slide after report of Hong Kong bank account curbs
The lenders are ramping up scrutiny of mainland Chinese clients opening savings and investment accounts
Prudential to buy majority stake in Bharti Life for 35 billion rupees
An additional consideration of up to seven billion rupees may be payable upon completion of the deal
Prudential extends Japan life sales pause, pulls growth target
The sales pause will continue till Nov 5
New IP riders kick in with lower premiums, but higher out-of-pocket costs
Insurers are adjusting product features in response to the new framework
Prudential posts 12% rise in new business profit, flags US$7 billion shareholder returns
Its new business profit on a traditional embedded value basis is US$2.8 billion for year ended Dec 31
Eastspring, Reviva to develop private equity strategy to shutter emerging market coal plants
The initiative targets the significant emissions challenge posed by the world’s coal fleet
Prudential pays RM1.5 billion to raise stake in Malaysia unit to 70%
The insurer currently holds a 51% interest while local partner Detik Ria owns the rest
Prudential taps ex-HSBC veteran Douglas Flint as chairman
Flint, who was chairman of HSBC until 2017, will replace Shriti Vadera and will join the board in March
Prudential announces US$1.2 billion share buyback
The repurchase represents about 3% of its issued share capital, based on the Jan 5 closing price
