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REUTERS Prudential of Britain to Buy Unit of Swiss Re | The British insurance company Prudential said it would buy the United States life insurance business of Swiss Re for about $621 million in cash, Reuters reports.
Prudential of the U.K. could be a bidder.
[C4.] Prudential of Britain to Cut Jobs Prudential, Britain's second-largest insurer, said it would cut 2,100 jobs and sell its property and casualty unit to the Credit Suisse Group for $517 million.
Before joining AIA, Mr. Tucker was head of Prudential of Britain (no relation to Prudential of the United States) from 2005 to 2009.
Prudential of Britain is unrelated to Prudential Financial of the United States.
The decision followed an aborted attempt to sell the unit to Prudential of Britain.
Similar(34)
The FSA's weaknesses in the area of prudential supervision of banks were made clear in 2007 with the collapse of Northern Rock, a mortgage lender.
Mr. Gensler focused on capital and margin requirements, saying they would prevent derivatives users like the American International Group from amassing "large or highly leveraged risks outside the oversight of prudential safeguards of regulators".
In the context of the severe psychological transformations caused by a disease like Alzheimer's, this means that the appropriate level of prudential concern of the earlier and current self for one another would be rather slight.
EU leaders said measures to restore confidence in the bloc's banks "are urgently needed and are necessary in the context of strengthening prudential control of the EU banking sector".
Thus an adequate assessment of the prudential advisability of envy may well depend on whether the envious subject's sense that he is worse off because of his rival's possession of the good that he lacks is accurate.
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CEO of Professional Science Editing for Scientists @ prosciediting.com