Prudential open to eastwards move

Prudential open to eastwards move
 

PRUDENTIAL said on Friday that it was keeping its options open regarding a possible relocation of its head office after it reported a 13 per cent rise in first-half profits.
Britain’s biggest insurer warned earlier this year that it might leave Europe because new rules on how much cash it must hold in reserve would make its US business less competitive.
The regime, known as Solvency II, is expected to come into force in 2014, and chief executive Tidjane Thiam said the group was considering what action to take “in the event that the final outcome is negative in terms of our ability to... read more

 
10 August 2012 in Business, Views: 2
Source: Scotsman
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