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Prudential talks to buyers for $13 bln British annuities book- Sky
6. November 2017 / 13:01 / vor 17 Tagen

Prudential talks to buyers for $13 bln British annuities book- Sky

Nov 6 (Reuters) - Britain’s Prudential plans to break up its 10 billion pound ($13 billion) British pensions annuities book into four parts, in a move that could see the insurer leave its domestic market, Sky News said.

The company has contacted potential buyers in the last few weeks, Sky News said on Monday. bit.ly/2h6AcRL

The portfolio would be divided into four parts of between 2-3 billion pounds each, Sky said citing a person briefed on the insurer’s plans.

Rothesay Life, Legal & General and Pension Insurance Corporation were potential buyers according to the media report.

A spokesman for Prudential said the insurer does not “comment on market rumour and speculation”. ($1 = 0.7636 pounds) (Reporting by Noor Zainab Hussain in Bengaluru, editing by Louise Heavens)

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