Prudential ‘certainly open’ to deals as rivals retreat, CEO says

December 11, 2015 by KATHERINE CHIGLINSKY

(Bloomberg) — Prudential Financial Inc., which expanded in recent years by acquiring units from rivals that were narrowing their focus, would be open to additional deals to add blocks of life insurance coverage or pension assets, Chief Executive Officer John Strangfeld said.

“We’re certainly open to those sorts of things,” Strangfeld said Thursday at an annual presentation of the Newark, New Jersey-based company.

Prudential, the second-largest U.S. life insurer, expanded in 2011 in Japan by buying the Star and Edison units from American International Group Inc., which was selling assets to help repay a U.S. bailout. Click HERE to read 

Originally Posted at LifeHealthPro on December 10, 2015 by KATHERINE CHIGLINSKY.