7 Things to Know About Jackson Moving Out of Its U.K. Parent’s House

August 19, 2020 by Allison Bell

Jackson National Life Insurance Company could soon return to being an independent, U.S.-based life insurance company.

Its parent, Prudential PLC of London, said earlier this week that it sees the sale of an 11.1% equity stake to Athene Holding Ltd., a reinsurer, as the start of efforts to separate from Jackson.

Mike Wells, Prudential’s group chief executive, said earlier this week, during a conference call with securities analysts, that the company is making that move because Asia is a better market for the company today that the United States is, even though many markets in Asia are also facing COVID-19-related social distancing rules.

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Originally Posted at ThinkAdvisor on August 14, 2020 by Allison Bell.