Philip Seah has been appointed chief agency officer, Asia
Work experience: CEO, Prudential Assurance Singapore; Chief agency officer, Prudential Assurance Singapore
Posts Tagged ‘prudential’
Prudential Corp Asia – Corporate moves
January 6th, 2011 |
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Prudential sees new Asia profits doubling by 2013: Update
December 1st, 2010 |
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Britain’s largest insurer, Prudential (PRU.L), aims to double the value of its 2009 new business profits in Asia by 2013, taking advantage of the region’s low penetration rates, the company said on Wednesday.
It also has targeted a doubling of its 2009 life insurance and asset management pre-tax profit by 2013, Prudential (2378.HK)(PRTL.SI) said in a statement posted on the Hong Kong stock exchange.
Prudential eyes doubling Asia new business value by 2013
December 1st, 2010 |
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Britain’s largest insurer Prudential (PRU.L) aims to double the value of its new business profits in Asia by 2013, taking advantage of the region’s low penetration rates, the company said on Wednesday.
It also has targeted a doubling of its 2009 life insurance and asset management pre-tax profit by 2013, Prudential (2378.HK)(PRTL.SI) said in a statement posted on the Hong Kong stock exchange.
The company reported a stronger-than-expected 17% rise in third-quarter sales in November, helped by strong growth in its flagship Asian markets.
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Prudential Corporation Asia – Corporate moves
October 21st, 2010 |
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Beonca Yip has been appointed regional head of retail wef October 2010
Work experience: MD/head of sales and marketing, Asia, ex-Japan, Lyxor Asset Management; chief marketing officer, Societe Generale Asset Management
Prudential Corporation Asia – Corporate moves
October 18th, 2010 |
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Beonca Yip has been appointed regional head of retail wef October 2010
Work experience: MD/head of sales and marketing, Asia, ex-Japan, Lyxor Asset Management; chief marketing office, Societe Generale Asset Management
Prudential confirms AIG deal terminated
June 3rd, 2010 |
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UK insurer Prudential on Thursday confirmed its agreement to buy American International Group’s (AIG.N) Asia life insurance unit had been terminated and said it would pay AIG a termination fee of 152.6 million pounds ($314.1 million).
Prudential (PRU.L) (2378.HK) (PRTL.SI) said in a filing to Hong Kong stock exchange that it would not proceed with the rights issue or other financing related to the deal, and would not bring any resolutions to court or shareholder meetings. It added an annual general meeting would go ahead as planned June 7.
Prudential-AIG deal appears to be off, says analyst
June 1st, 2010 |
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Prudential’s (PRU.LN) US$35.5 billion ($49.9 billion) deal to buy AIA Group from American International group (AIG) “looks like it’s off”, says an analyst, noting Prudential is considering its options after AIG rejected a lower price for AIA at US$30.375 billion.
AIG snubs lower Pru offer, deal in jeopardy: Update
June 1st, 2010 |
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American International Group (AIG.N) said it would not consider revising the terms of a deal for its Asian life insurance unit with British insurer Prudential Plc (PRU.L), in a move that threatens to derail the industry’s largest ever transaction.
Separately, Prudential said in a statement it had offered to cut the deal’s value to $30.38 billion ($42.6 billion) — offering US$23 billion in cash and about 2.16 billion new Prudential shares.
It noted AIG’s announcement and said it was considering its position.
AIG says will stick to original deal with Prudential
June 1st, 2010 |
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American International Group will not cut the terms of the US$35.5 billion ($49.8 billion) takeover deal previously agreed with British insurer Prudential Plc (PRU.L), potentially threatening the deal.
Prudential (2378.HK) (PRTL.SI) and American International Group Inc (AIG) (AIG.N) reopened negotiations last week to salvage the deal after many shareholders said Prudential was overpaying in its move to become Asia’s dominant insurer.
UK’s Prudential wants to pay less to save AIA deal
May 30th, 2010 |
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Prudential (PRU.L) has entered talks to cut its US$35.5 billion offer for AIG’s (AIG.N) Asian life insurance arm in a last-ditch bid to salvage a deal criticised by shareholders as too expensive.
The UK’s biggest insurer wants to cut the price to about US$30 billion, a reduction of 15%, said one source close to the deal, who asked not to be named.
Pru confirms talks to renegotiate AIA deal
May 28th, 2010 |
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Prudential (PRU.L) said it was trying to negotiate a cut in the US$35.5 billion ($49.7 billion) it has agreed to pay for AIG’s (AIG.N) Asian unit, AIA, amid fears its shareholders might block the deal as too expensive.
“We confirm that discussions regarding the current status of the transaction have taken place between Prudential and AIG and are continuing,” Prudential said in a statement on Friday.
More analysts warn on Pru’s US$35.5b AIA deal
May 26th, 2010 |
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A chorus of opposition is growing against Prudential Plc’s (PRU.L) bold US$35.5 billion ($50.13 billion) takeover of American International Assurance (AIA), with analysts from Singapore to London flagging risks to the deal just weeks ahead of the critical shareholder vote.
Many analysts have questioned Prudential’s (2378.HK) (PRTL.SI) revenue synergy targets, with some describing them as unrealistic. Last week, a Singapore-based consultant said Prudential and AIA’s agency forces showed similar levels, throwing into doubt the synergies projected by Prudential.
Prudential +2% but interest thin; AIA worries
May 26th, 2010 |
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Prudential (K6S.SG) is up 2% at US$7.56 but interest thin as volume anaemic at under 56,000 shares vs 489,000 yesterday, with investors mostly staying out on concerns over insurer’s dilutive rights issue, shareholder support for acquisition of AIA which will be put to vote next month, according to Dow Jones.
AIA CEO in quit threat if Prudential deal succeeds
May 25th, 2010 |
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Asian insurer AIA’s chief executive has said he will quit if British insurance giant Prudential succeeds in a US$35.5 billion ($50 billion)-takeover of the business, the Financial Times reported today, according to AFP.
Mark Wilson has told friends and industry executives of his plans, saying the proposals to buy the Asian arm of troubled US insurer AIG would be a “disaster waiting to happen,” according to the paper.
Prudential shares debut in Hong Kong at HK$59.70
May 25th, 2010 |
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Shares of British insurer Prudential Plc (2378.HK) were set to start trading in Hong Kong at HK$59.70 ($10.77), consistent with their London close.
The listing of Prudential (PRU.L)(PRU.SG) shares in Hong Kong and Singapore is by way of introduction, which means some existing London-listed shares are converted to be eligible for trading in Asia, hence the move does not raise any new capital.
Prudential off 3.2% from opening price on SGX
May 25th, 2010 |
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Prudential (K6S.SG) last down 3.2% at US$7.47 ($10.52) in thin trade on SGX debut vs US$7.72 at opening, which tad higher than London’s last closing price of GBP5.30, equivalent to US$7.65.
Likely market retreat may not spare Prudential debut
May 25th, 2010 |
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Expected broad market pullback suggests Prudential (K6S.SG) may not be spared when shares start trading in Singapore at 10:00 a.m., according to Dow Jones.
STI likely down; 2,678 floor; Prudential in focus
May 25th, 2010 |
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Wall Street’s decline overnight likely to spur investors to take profits on Singapore shares after yesterday’s rebound, which enabled STI to close higher for 1st time in 4 sessions, +0.8% at 2,723.87, according to Dow Jones.