Archive

UK regulator issues clarifications on Solvency II MA reforms ahead of finalised rules

Effective deadlines for attestation and voluntary fundamental spread additions explained

Prudential Assurance Company's solvency in 2023 remained sub-100% without MA benefit

Group's longevity risk SCR rose in 2023 after long-awaited entry to bulk annuity market

Prudential Financial data breach hits over 36,000 people

The insurer believes a cybercrime group carried out the attack

Prudential Financial's Rob Falzon praises private equity's impact on life sector

Vice chair of life insurer also discussed how recession risks have receded in the US

Chinese cross-border business can surpass pre-pandemic levels, says Prudential CEO

In mainland China the life insurer has balanced its product suite and repriced guarantees

Legal & General and RGA tie up $700m PRT deal with FirstEnergy

Transaction covers approximately 2,000 retirees

Prudential Financial and RGA secure $5.9bn PRT deal with Verizon

PRA eases some reporting requirements in updated Solvency UK proposals

Disclosure reforms should save UK industry approximately £63m a year

PRA finalises internal model and threshold changes to Solvency UK

Changes include clarifications on use of capital add-ons, and a higher threshold for applying solvency regime

Prudential Financial seals $4.9bn bulk annuity deal with Shell USA

Deal covers $4.9bn worth of pension obligations