Tag: Prudential

ICICI Prudential Life Insurance launches new policy

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ICICI Prudential Life Insurance launches new policyNews from Economic Times: GANGTOK: ICICI Prudential Life Insurance Company Ltd (ICICI Prudential Life) has announced the launch of ICICI Pru Shubh Retirement, a new policy for its clients throughout the country including Sikkim to address the growing need for post retirement income. Stating this, Puneet Nanda, Executive Director, [...]

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Hartford May Be Nearing A Deal To Sell Its Life Insurance Unit To Prudential

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Hartford May Be Nearing A Deal To Sell Its Life Insurance Unit To PrudentialNews from Seeking Alpha: On Saturday, August 18, Bloomberg reported that Prudential Financial (PRU) has surfaced as the top bidder for the individual life insurance business of its peer, The Hartford Financial Services Group (HIG). Prudential is the second largest life insurer [...]

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Prudential Financial Names Pogue as Vice President of Group Life

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Prudential Financial Names Pogue as Vice President of Group LifeNews from BusinessWeek: Prudential Financial Inc. (PRU), the second-biggest U.S. life insurer, named Jim Pogue vice president of group life products. Pogue, who has worked in the group industry for more than 30 years, was previously a senior vice president at Guardian Life Insurance Co., Newark, [...]

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Prudential beats analysts’ estimates as profits jump in 2011

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Prudential beats analysts’ estimates as profits jump in 2011News from The Star-Ledger – NJ.com: Steve Hockstein/BloombergPrudential Financial, the Newark-based life insurer, posted strong profits for last year. Prudential Financial, the U.S.’s second largest life insurer, saw profits soar last year as it continued its march into the international insurance market and held record-high deposits and [...]

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Prudential settles with insurance regulators over death benefit practices

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Prudential settles with insurance regulators over death benefit practicesNews from The Star-Ledger – NJ.com: Steve Hockstein/BloombergPrudential’s headquarters in Newark. State insurance regulators are close to finalizing a settlement with the life insurer over how it handles death benefits. State insurance regulators including New Jersey’s Department of Banking and Insurance are close to finalizing a settlement [...]

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Prudential, Korea Life to bid for Tong Yang Life stake

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Prudential, Korea Life to bid for Tong Yang Life stakeNews from Reuters: SEOUL | Wed Jan 18, 2012 7:43am EST SEOUL (Reuters) – Prudential Financial Inc (PRU.N), the No.2 U.S. life insurer, and Korea Life Insurance (088350.KS) plan to submit separate initial bids for a controlling stake in Tong Yang Life Insurance (082640.KS), sources familiar [...]

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States make Prudential alter its unclaimed life insurance practices

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States make Prudential alter its unclaimed life insurance practicesNews from IFAwebnews.com: A total of 19 states and Washington, D.C., reached an agreement with The Prudential Group, one of the largest life insurance companies in the U.S., in a case involving its unclaimed property practices. Massachusetts State Treasurer Steven Grossman said in a statement that the agreement [...]

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Prudential to settle on life insurance policies

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Prudential to settle on life insurance policiesNews from Sacramento Bee: Prudential Life Insurance will pay up to $ 20 million to the families of certain deceased life insurance policy holders in California, under a settlement announced Friday by the state Controller’s Office. The settlement, which includes 17 other states, is part of a nationwide probe [...]

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