Prudential Plc, the U.K.’s biggest insurer by market value, said first-quarter revenue rose 8 percent, beating analysts’ estimates on higher demand for life and health insurance in Hong Kong and Indonesia.
David Cameron will speed up the patents applications process and simplify intellectual-property rights for design companies as part of his next legislative program, a person familiar with the U.K.’s premier’s plans said.
On Feb. 12, 2010, Prudential Plc Chief Executive Officer Tidjane Thiam offered $35.5 billion for AIA Group Ltd. in what would have been the firm’s biggest acquisition funded by the U.K.’s largest share sale. The same day he met the country’s regulator and didn’t mention the deal.
The growth of Internet shopping in Europe is luring investors such as Axa Real Estate and Blackstone Group LP to the cinder-block world of warehouses, where yields are beating showy storefronts and sleek offices amid a space shortage.
Prudential Plc, the U.K.’s biggest insurer by market value, paid Chief Executive Officer Tidjane Thiam 7.8 million pounds ($11.9 million) in 2012 even after he was reprimanded by the British regulator.
Banks may struggle to raise funds from insurers due to a conflict between Basel III rules for lenders and Solvency II regulation for insurers, Prudential Plc Chief Executive Officer Tidjane Thiam said.
The International Swaps & Derivatives Association, a financial industry derivatives group, is being probed as part of a European Union antitrust investigation into how data on credit derivatives is shared.