Jackson — the Annuity Giant — Separates From Parent
September 14, 2021 by Allison Bell
Jackson Financial Inc. — a leader in the U.S. individual variable annuity market — announced today that it has completed the process of separating from its former parent, Prudential PLC of London, through a demerger.
The U.K. Prudential, which has no connection with the U.S. Prudential Financial, announced in March 2020 that it intended to separate from Jackson in an effort to focus on insurance and annuity opportunities in Asia and Africa.
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Originally Posted at ThinkAdvisor on September 13, 2021 by Allison Bell.
Categories: Industry Articles