International
Prudential, Vitality Global expand partnership in Latin America
Building on success in Argentina and Brazil, Prudential Financial and Vitality Global are making holistic wellness achievable for more Latin Americans.
Barclays Bank UK Retirement Fund closes $8.1 billion UK longevity transaction with Prudential
The agreement with Barclays reinforces Prudential’s leadership in the global pension and longevity risk transfer market.
Mercado Pago to sell Prudential’s accident and life insurance in Argentina
Expands Prudential’s partnership with Mercado’s digital marketplace in Latin America.
Motofusa Hamada to succeed retiring Mitsuo Kurashige as CEO of Japanese insurance operations
As CEO of the Japan insurance operations, Hamada will oversee the company’s three life insurance businesses in Japan — Prudential Life Insurance, Gibraltar Life Insurance, and Prudential Gibraltar Financial Life Insurance.
Prudential, Zurich close significant £6 billion longevity reinsurance transaction
Prudential Retirement’s International Reinsurance business has closed its first reinsurance transaction involving an unnamed U.K. pension scheme using an independent U.K.-regulated insurer, Zurich Assurance Ltd., as intermediary.
PGIM global institutional relationship group adds senior hires
NEWARK, Nov. 18, 2019 – PGIM, the $1.3 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU), has made three hires into its Institutional Relationship Group (IRG), all reporting to Cameron Lochhead, global head of IRG.
PGIM enhances European operations
NEWARK, N.J., Sept. 23, 2019 – PGIM, the global investment management business of U.S.-based Prudential Financial, Inc. (PFI) (NYSE: PRU) and one of the world’s top 10 asset managers with $1.2 trillion in assets under management as of June 30, 2019, continues to enhance its European footprint following the recent approval, by the Dutch Authority for the Financial Markets, for it to operate an Alternative Investment Fund Manager (AIFM) from its newly established office in the Netherlands. The office, based in Amsterdam, acts as the AIFM for its existing Irish alternative investment fund and provides investment management, marketing and distribution services in the European Union.
Gibraltar India Solutions, local arm of global insurance giant, opens technology center
BENGALURU, India, July 31, 2019 — Gibraltar India Solutions, a Prudential Financial, Inc. (US) company (PFI), has announced the opening of its India Development Center on July 30 in Bengaluru, India.
PGIM Real Estate agrees to purchase office in Clichy
PARIS, Dec. 4, 2018 – PGIM Real Estate signed a forward purchase agreement for the development of SWELL, two office buildings in Bac d’Asnières, Clichy. The transaction was executed off-market on behalf of investors of a discretionary pan-European value-add fund.
PGIM Real Estate acquires grade-A logistics platform in Salon-de-Provence
PARIS, 12 Nov. 2018 – PGIM Real Estate has acquired a 100,000-square-meter grade-A logistics platform located in Salon-de-Provence, 60 kilometers north of Marseille, on behalf of an institutional investor.