
Insurer Prudential said Monday that it was considering switching its headquarters out of London to avoid new European capital requirement regulations for the insurance sector. There has been long-running media speculation that Prudential could switch to Asia, where the group makes about 45 percent of its total sales. "Prudential notes recent press speculation in relation to the group," it said in an official statement. The London-listed company is worried about the potential impact of an upcoming European capital regime for insurers called Solvency II. "Prudential regularly reviews its range of options to maximise the strategic flexibility of the group," it said. "This includes consideration of optimising the group's domicile, including as a possible response to an adverse outcome on Solvency II. "There continues to be uncertainty in relation to the implementation of Solvency II and implications for the group's businesses. Clarity on this issue is not expected in the near term."
GMT 17:56 2018 Wednesday ,17 January
Ericsson to write down 1.4 billion euros in fourth quarterGMT 19:16 2018 Saturday ,13 January
China shuts Marriott website over Tibet error, scolds other firmsGMT 17:31 2018 Thursday ,11 January
UK group bids for Europe's biggest aluminium smelterGMT 17:24 2018 Thursday ,11 January
UK supermarket Sainsbury's lifts outlook after bumper ChristmasGMT 17:52 2018 Tuesday ,09 January
H&M removes 'black boy' ad after racism accusationGMT 19:38 2018 Wednesday ,03 January
Petrobras pay $2.95bn to settle US class action on corruptionGMT 13:49 2018 Wednesday ,03 January
China’s Ant Financial drops $1.2 billion MoneyGram deal as US approval failsGMT 17:47 2017 Sunday ,31 December
BA owner to buy bankrupt Austrian airline Niki
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor