Prudential PLC (PRU.L)
20 Oct 2017
HONG KONG/SINGAPORE Prudential Plc has kicked off the sale of its Vietnam consumer finance unit, which could fetch up to $150 million, as the UK firm sharpens focus on its core insurance business in the Southeast Asian nation, people familiar with the process said.
* Interested buyers include PE firms, financial services firms
UK-based general insurer Direct Line Insurance Group said Prudential Plc executive Penny James will replace John Reizenstein as its chief financial officer, starting from March.
Sept 8 UK-based general insurer Direct Line Insurance Group said Prudential Plc executive Penny James will replace John Reizenstein as its chief financial officer, starting from March.
* Penny James to succeed John Reizenstein as CFO of Direct Line Group
LAGOS, Aug 30 Germany's Allianz plans to pay $35 million for 98 percent stake in Nigerian insurer Ensure Insurance in a push for growth in Africa, where many people are uninsured.
LAGOS, Aug 30 Germany's Allianz said on Wednesday it is buying control of Nigerian insurer Ensure Insurance Plc in a push for growth in Africa, where many people are uninsured.
(The following statement was released by the rating agency) SYDNEY, August 28 (Fitch) The Australian Prudential Regulation Authority's (APRA) inquiry into Commonwealth Bank of Australia's (CBA; AA-/Stable/aa-) governance, culture and accountability frameworks and practices may result in negative rating action if it identifies systemic issues in these areas, Fitch Ratings says. The establishment of the prudential inquiry follows several developments that raised questions about CBA's governance fr
* Follows money laundering lawsuit, corporate regulator probe
(The following statement was released by the rating agency) Link to Fitch Ratings' Report: Macro-Prudential Risk Monitor - August 2017 https://www.fitchratings.com/site/re/902114 LONDON, August 25 (Fitch) Global credit growth in 2017 is likely to stabilise following a slowdown in 2016, but remains at a record low since the global financial crisis of 2008, says Fitch Ratings in its latest Macro-Prudential Risk Monitor. Consequently, macro-prudential risk indicators (MPI scores) continue to point