Prudential UK Selling Taiwanese Agency
Prudential has gotten the regulatory approval necessary to sell itsTaiwanese agency business. Due to current state of international financial affairs, Prudential has needed to take strong measures to get more capital.This offloading is a direct move by UK Prudential and should not really have any impact on the Prudential insurance rates Americans are currently paying.
Prudential is not the only financial institution abroad to have to take bold measures to survive the current economy. Other insurance houses are choosing toreduce their dividends, offloading junior debt or purchasing reinsurance cover as a way to balance their books.
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