Thursday, March 09, 2006
Prudential Bulks Up in Annuities
Prudential Financial Inc., the large insurance and mutual-fund company, agreed to buy Allstate Corp.'s variable-annuity business, advancing Prudential's efforts to build its presence in that market and allowing Allstate's life-insurance business to focus on other products.
The deal, with a value of at least $560 million, also could give each party a way to boost sales; the transaction will enable each to offer products through the other's sales networks.
Read Full Story: Prudential Bulks Up in Annuities
Source: Wall Street Journal (subscription required)
The deal, with a value of at least $560 million, also could give each party a way to boost sales; the transaction will enable each to offer products through the other's sales networks.
Read Full Story: Prudential Bulks Up in Annuities
Source: Wall Street Journal (subscription required)
Permalink posted by armandn @ 7:23 AM 
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