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Prudential Plc Now Expects Jackson Demerger To Complete In H2'21


Prudential Plc Now Expects Jackson Demerger To Complete In H2 21
LONDON (dpa-AFX) - Prudential plc (PRU.L, PUK) announced business and Jackson demerger update in advance of its Annual General Meeting. Prudential now expects Jackson s demerger to complete in second half of 2021.
Mike Wells, Group Chief Executive of Prudential, said, At the point of the proposed separation and subject to market conditions, Jackson National Life continues to expect to have an RBC ratio in excess of 450 per cent, after giving effect to the debt expected to be drawn down prior to demerger.
The company also announced that first quarter Asia and Africa APE sales rose 14 percent to $1.193 billion and new business profit improved 21 percent to $624 million. ....

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Hyatt sees early signs of a comeback in Q4 numbers: Travel Weekly


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Greater China has been one of Hyatt s biggest recovery drivers thus far. Above, a guestroom at the Grand Hyatt Taipei in Taiwan.
Hyatt Hotels Corp. saw group booking activity start bouncing back sooner than expected in the fourth quarter, with demand for corporate and association group meetings in particular starting to gain traction.
I m really pleased, if not surprised, to report that we re seeing some interesting and very positive data in group activity, Hyatt CEO Mark Hoplamazian told investors during the company s fourth-quarter earnings call on Thursday. We have early signs that we will actually host corporate meetings as early as the second quarter of 2021. ....

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