Prudential PLC's Prudential Holdings Limited Agrees To Sell Closed Book Life Insurance Business In Japan To SBI Holdings Inc

Tuesday, 16 Jul 2013 06:30am EDT 

Prudential PLC announced that the Company through its subsidiary Prudential Holdings Limited, has reached an agreement with SBI Holdings, Inc. (SBI Holdings) to sell its closed book life insurance business in Japan, PCA Life Insurance Co., Ltd. (PCA Life Japan) for USD85 million. PCA Life Japan and SBI Holdings will work closely together to ensure a smooth transition.