Prudential News
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Prudential to Wind Down Direct-to-Consumer Assurance Business
May 1 2024 // Less than five years after acquiring online insurance startup Assurance IQ for $2.35 billion, Prudential is shutting it down. “Prudential Financial routinely evaluates strategic opportunities for its businesses that...
Prudential Reports Unauthorized Access to Its Computer Systems
Feb 14 2024 // Prudential Financial has disclosed a hacker gained unauthorized access to its systems earlier this month. In a Feb. 13 filing with the U.S. Securities and Exchange Commission, Prudential said that on Feb. 5 it detected a...
Prudential, Warburg Pincus Team Up to Back New Reinsurer
Sep 8 2023 // Prudential Financial Inc. and Warburg Pincus are among investors that contributed a combined $1 billion of equity to create a Bermuda-based reinsurer, Prismic Life Reinsurance Ltd. In its first deal, Prismic is taking on...
CFO of UK’s Prudential Resigns Amid Probe Into Conduct
May 31 2023 // Prudential Plc Chief Financial Officer James Turner resigned on Wednesday amid a probe into a code of conduct matter related to a recent recruitment situation, with the firm saying he didn’t meet its standards. The...
Man Pleads Guilty to $2M Fraud in Prudential-Administered Military Injury Program
Nov 1 2022 // A former U.S. Navy chief petty officer, now living in Georgia, has pleaded guilty to being the ringleader in a $2 million scheme that claimed unusual injuries to defraud a military disability program administered by The...
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