Connect with us

Hi, what are you looking for?

Angel Investor

US firm sells off Korean life operation


Financial services firm KB Financial Group has agreed to buy the Korean life insurance arm of Prudential Financial.

The deal is part of Prudential Financial’s strategic focus internationally on Japan and higher-growth emerging markets around the world.

Under the terms of the agreement, Prudential Financial will sell 100% of the Prudential Life Insurance Company of Korea for cash consideration of approximately $1.9bn (£1.51bn, €1.74bn).

Established in 1989, Prudential of Korea is a provider of life insurance and other protection products through its life planner business and general agency channel.

Prudential Financial is an active global investment manager which has operations in the US, Asia, Europe and Latin America.








Source link

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Trending News

via blogmaverick I wanted to get an understanding of what opening meant to businesses around Dallas. Were they opening? What precautions were they taking? Were...

Trending News

by Dr. Eowyn Washington State governor Jay Inslee is not only a rabid leftist (see “Washington Gov. Jay Inslee Signs Seven Anti Gun Bills...

Trending News

Canada Life has extended its segregated portfolio service (SPS) to a wider range of bonds. The SPS provides clients with access to an offering...

Trending News

by Tom Wigand Cross-posted from trevorloudon.com An ordained minister from Chicago. A former Black Panther. Supported by the Democrat Socialists of...