Prudential to Sell Taiwanese Life-Insurance Business
August 11 2020 - 8:17AM
Dow Jones News
By Matt Grossman
Prudential Financial Inc. has reached a deal to sell its
life-insurance business in Taiwan, Prudential Life Insurance
Company of Taiwan Inc., to Taishin Financial Holding Co. Ltd.,
Prudential said Tuesday.
Prudential of Taiwan, established in 1989, focuses on
middle-market and affluent insurance customers, according to
Prudential. The sale is part of Prudential Financial's strategy to
focus its international efforts on Japan and on high-growth
emerging markets, the company said.
Prudential's asset-management business, PGIM, will stay active
in Taiwan through its PGIM SITE subsidiary, Prudential said.
Write to Matt Grossman at matt.grossman@wsj.com
(END) Dow Jones Newswires
August 11, 2020 08:02 ET (12:02 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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