U.K. Prudential Realignment to Affect Jackson
October 2, 2019 by Allison Bell
Prudential PLC — a London-based life insurance giant with no connection to Prudential Financial Inc. — announced Wednesday that it wants to spin off its U.K. and European operations and focus mainly on opportunities in Asia.
Prudential says it also plans to keep Jackson National Life Insurance Company, a major U.S. annuity issuer.
But Prudential says it expects to make changes at Jackson.