September 14, 2017

MMC UK Pension Fund, advised by Mercer, selects Prudential and Canada Life Reinsurance to reinsure the longevity risk of £3.4 Billion ($4.3 billion) in pension liabilities

The Trustee of the MMC UK Pension Fund (the “Fund”) has announced the largest longevity risk transfer for a UK pension fund since 2014. The transaction, which reinsures the longevity risk of £3.4 billion ($4.3 billion) in pension liabilities, will provide long-term protection and income to the Fund in the event that the covered participants live longer than expected. It also lowers the risk that Marsh & McLennan Companies will face unexpected pension contributions due to an increase in pensioner life expectancy.

July 18, 2017

Prudential Financial, Inc., and CT Corp create life insurance joint venture in Indonesia

JAKARTA, July 18, 2017CT Corp and Prudential Financial, Inc. (NYSE: PRU), have created a joint venture to provide life insurance solutions to a broad spectrum of people in Indonesia through a multi-channel distribution strategy, the companies announced today. Under the recently closed agreement, which has been approved by OJK regulators in Indonesia, Prudential’s Pruco Life Insurance Company has acquired a 49 percent interest in CT Corp’s wholly-owned life insurance subsidiary, PT Asuransi Jiwa Mega Indonesia.

June 21, 2017

Cameron Sinclair joins PGIM Institutional Relationship Group in Sydney

SYDNEY/NEWARK, June 21, 2017 – Cameron Sinclair has joined PGIM as Head of its Institutional Relationship Group responsible for Australia and New Zealand based in Sydney, Australia. PGIM, among the world’s top 10 asset managers with more than $1 trillion in assets under management, is the global investment management businesses of U.S.-based Prudential Financial, Inc. (NYSE: PRU).

June 19, 2017

Capturing alpha from growing emerging markets will require new investment approach, PGIM says

NEWARK, N.J., June 19, 2017 - Emerging markets, which already command nearly 60 percent of global GDP on a purchasing power parity basis, will collectively drive global growth over the next decade, but investors would be wise to reconsider how they approach these markets. Increasingly, says PGIM, emerging markets will be the masters of their own economic fate, making a one-size-fits-all classification of emerging markets obsolete.

May 31, 2017

PGIM Real Estate acquires food storage and distribution centre in Jurong, Singapore

SINGAPORE, May 30, 2017 – PGIM Real Estate has recently completed the acquisition of a food storage and distribution centre at 1 Buroh Lane in Singapore, on behalf of a pan-Asia value-add fund it manages for institutional investors. PGIM Real Estate is the real estate investment business of PGIM, the global investment management businesses of Prudential Financial, Inc. (NYSE: PRU).  

May 11, 2017

PGIM Real Estate raises MXP$4.4 billion for Mexican private real estate fund

MEXICO CITY, May 11, 2017 – PGIM Real Estate has completed a capital raise of MXP$4.4 billion (USD$235 million) for PruMex IV CKD, a closed-end real estate fund investing across various property sectors in Mexico. PGIM Real Estate is the real estate investment business of PGIM, the global investment management businesses of Prudential Financial, Inc. (NYSE: PRU).