Moody s raises outlook for Prudential to stable on group supervision
Fri, 14th May 2021 21:14
(Alliance News) - Moody s Investors Service on Friday changed its outlook on Prudential PLC to stable from negative, but affirmed its long-term credit ratings at A2.
The credit agency s action follows the Insurance Authority of Hong Kong s announcement to designate Prudential Corp Asia Ltd as the designated insurance holding company under the group-wide supervision framework implemented on March 29.
The outlook change reflects Moody s view that the implementation supports the narrower notching that is already applied to Prudential s senior unsecured debt rating, in line with the agency s methods where the group is supervised under an enhanced group supervisory regime.
Prudential plc ( Prudential ) today announces plans to decarbonise its portfolio of assets held on behalf of its insurance companies with a new goal of becoming net zero by 2050
1. The pledge is aligned to the Paris Agreement, which invites parties to commit to holding the increase in the global average temperature to well below 2 degrees Celsius above pre-industrial levels, and to pursue efforts to limit the temperature increase to 1.5 degrees Celsius above pre-industrial levels, recognising that this would significantly reduce the risks and impacts of climate change. · A 25 per cent reduction in the carbon emissions of all shareholder and policyholder assets by 2025
By BFN News | 01:58 PM | Friday 30 April, 2021 Jackson Financial Inc, the US business of Prudential plc, has revealed its additional independent directors ahead of its planned separation from Prudential.
These appointments to the Jackson Board of Directors are expected to become effective upon completion of the proposed demerger. Joining the board will be Gregory T. Durant, Derek G. Kirkland, Martin J. Lippert. Russell G. Noles and Esta E. Stecher.
Durant currently serves as vice chairman of Deloitte LLP, where during his career, among other responsibilities, he oversaw Deloitte s policy and government relations efforts to navigate the impact of public policies on the profession, the capital markets and the economy.