Prudential Financial

EXL hosts virtual data and AI event

Retrieved on: 
Thursday, March 28, 2024
EXL, Insurance, Health, Organization, Research, Prudential Financial, AI

NEW YORK, March 28, 2024 (GLOBE NEWSWIRE) -- EXL [NASDAQ: EXLS], a leading data analytics, digital operations, and solutions company, announced its upcoming data and AI virtual event, AI in Action, scheduled for April 24 from 10:00 a.m. to 12:00 p.m.

Key Points: 
  • NEW YORK, March 28, 2024 (GLOBE NEWSWIRE) -- EXL [NASDAQ: EXLS], a leading data analytics, digital operations, and solutions company, announced its upcoming data and AI virtual event, AI in Action, scheduled for April 24 from 10:00 a.m. to 12:00 p.m.
  • The event promises to be an immersive experience, bringing together clients, prospects, and industry experts to explore the transformative power of data and AI at scale.
  • “We are excited to host this innovative event, where industry leaders, experts, and stakeholders will come together to delve into the limitless possibilities of data and AI,” said Kapoor.
  • Among firms that have implemented AI for limited functions, 74% say data silos have been a barrier to enterprise-wide implementation.

Prudential Financial introduces new workplace insurance benefits that help support mental health and growing families

Retrieved on: 
Thursday, April 4, 2024
Professional Services, Mental Health, Health, Insurance, Health Insurance, Human Resources, Finance, PRU, Substance abuse, Infertility, Prudential Financial, Prudential, Mental health, Prenatal care, Hospice and palliative medicine, Anxiety, DSM-IV codes, Hospital, Multimedia, Family, Group insurance, Health insurance

Prudential Financial, Inc. ( NYSE: PRU ) has introduced new voluntary workplace insurance offerings that help support family building and mental health, including benefits that cover fertility procedures, extended hospital stays, screenings for substance use, and severe mental illness.

Key Points: 
  • Prudential Financial, Inc. ( NYSE: PRU ) has introduced new voluntary workplace insurance offerings that help support family building and mental health, including benefits that cover fertility procedures, extended hospital stays, screenings for substance use, and severe mental illness.
  • View the full release here: https://www.businesswire.com/news/home/20240404432800/en/
    Jess Gillespie, Head of Product and Underwriting, Prudential Group Insurance (Photo: Business Wire)
    Voluntary or supplemental insurance refers to optional, employee-paid benefits that can help pay for out-of-pocket medical expenses not covered by health insurance, such as co-pays, co-insurance and deductibles.
  • As part of Prudential Group Insurance’s expanded suite of Critical Illness and Hospital Indemnity insurance, the new mental health benefits include screenings for anxiety, mood disorders and substance abuse — as well as coverage for the most diagnosed mental health conditions and severe mental illness.
  • “Employees turn to their employers for benefits that can help them during key life events,” said Gillespie.

PGIM launches three Retirement Spending Funds for personalized spending goals

Retrieved on: 
Wednesday, April 3, 2024
Personal Finance, Professional Services, Finance, PRU, Growth, Prudential Financial, Retirement, Investment, PGIM, Multimedia, ETF

PGIM,1 the $1.3 trillion global investment management business of Prudential Financial, Inc. ( NYSE: PRU ), has launched three retirement spending funds: the PGIM Conservative Retirement Spending Fund , PGIM Moderate Retirement Spending Fund and the PGIM Enhanced Retirement Spending Fund .

Key Points: 
  • PGIM,1 the $1.3 trillion global investment management business of Prudential Financial, Inc. ( NYSE: PRU ), has launched three retirement spending funds: the PGIM Conservative Retirement Spending Fund , PGIM Moderate Retirement Spending Fund and the PGIM Enhanced Retirement Spending Fund .
  • The Funds are designed for investors near or in retirement and aim to help U.S. workers better manage their long-term investments based on their personal spending goals, taking essential and flexible spending into account.
  • The Funds, subadvised by PGIM DC Solutions, are each “fund of funds” investing primarily in a range of fixed income, equity, real asset and alternative mutual funds and ETFs.
  • The PGIM Retirement Spending Funds offer three distinct portfolios to address these differences, providing a more personalized approach and thoughtful asset allocation mix to help meet varying income needs,” said Jeremy Stempien, co-portfolio manager of the PGIM Retirement Spending Funds and the PGIM Target Date Funds.

CrossCountry Consulting Appoints Risk Leader to Growing Board of Advisors

Retrieved on: 
Tuesday, April 2, 2024
Professional Services, Business, Finance, Consulting, Banking, Accounting, Colby College, Organization, Foreign Service, Risk management, Growth, Entrepreneurship, Partner (business rank), Nina Cook Silitch, Advisory Council, Risk, Central Waqf Council, International Association, Bank, Prudential Financial, Fortune 500, Ecosystem, CrossCountry, Andrew Mellon, Practitioner

CrossCountry Consulting , a leading business advisory firm, today announced that risk leader Nick Silitch has joined the firm’s Board of Advisors.

Key Points: 
  • CrossCountry Consulting , a leading business advisory firm, today announced that risk leader Nick Silitch has joined the firm’s Board of Advisors.
  • As the former Chief Risk Officer for Prudential Financial, Inc., he brings significant expertise in defining risk management agendas, developing risk management infrastructure, and determining risk appetite for firms.
  • “We are thrilled to welcome Nick to our growing Board of Advisors,” said Erik Linn, Co-Founder and Managing Partner at CrossCountry Consulting.
  • CrossCountry Consulting is a leading provider of specialized finance, operations, and technology advisory services.

Prudential Financial, Inc. to Announce First Quarter 2024 Earnings; Schedules Conference Call

Retrieved on: 
Tuesday, April 2, 2024
Asset Management, Professional Services, Insurance, Finance, Prudential Financial, PRU, News

Prudential Financial, Inc. (NYSE: PRU) will release its first quarter 2024 earnings on Tuesday, April 30, 2024, after the market closes.

Key Points: 
  • Prudential Financial, Inc. (NYSE: PRU) will release its first quarter 2024 earnings on Tuesday, April 30, 2024, after the market closes.
  • The earnings news release, the financial supplement, and related materials will be posted on the company’s Investor Relations website at investor.prudential.com .
  • Members of Prudential’s senior management will host a conference call on Wednesday, May 1, 2024, at 11:00 a.m.
  • The conference call will be broadcast live over the company’s Investor Relations website at investor.prudential.com .

Somerset Announced Close of Reinsurance Transaction With Prudential

Retrieved on: 
Monday, April 1, 2024
Professional Services, Other Professional Services, Insurance, Finance, Consulting, Personal Finance, Prudential Financial, PRU, Prudential, RBC Capital Markets, Reinsurance, Willkie Farr & Gallagher, LLP, Wells Fargo

Somerset Reinsurance Ltd. ("Somerset"), a leading provider of reinsurance solutions to the U.S. life insurance and annuity market, announced today the close of its reinsurance transaction with Prudential Financial, Inc. (NYSE: PRU) (“Prudential”).

Key Points: 
  • Somerset Reinsurance Ltd. ("Somerset"), a leading provider of reinsurance solutions to the U.S. life insurance and annuity market, announced today the close of its reinsurance transaction with Prudential Financial, Inc. (NYSE: PRU) (“Prudential”).
  • The transaction includes $12.5 billion of reserves backing Prudential’s guaranteed universal life policies issued by Pruco Life Insurance Company and Pruco Life Insurance Company of New Jersey.
  • Wells Fargo Securities, LLC served as exclusive financial advisor and Willkie Farr & Gallagher LLP served as legal counsel to Prudential for the transaction.
  • RBC Capital Markets served as financial advisor and Mayer Brown LLP served as legal counsel to Somerset Re for the transaction.

Prudential Financial Completes Guaranteed Universal Life Block Reinsurance Transaction With Somerset Re

Retrieved on: 
Thursday, March 28, 2024
Professional Services, Insurance, Finance, Prudential Financial, PRU

Prudential Financial, Inc. ( NYSE: PRU ) announced today that it has successfully closed a reinsurance transaction for a portion of its guaranteed universal life block with Somerset Re.

Key Points: 
  • Prudential Financial, Inc. ( NYSE: PRU ) announced today that it has successfully closed a reinsurance transaction for a portion of its guaranteed universal life block with Somerset Re.
  • This transaction, originally announced on July 24, 2023, advances the company’s strategy to reduce market sensitivity and increase capital efficiency.
  • The financial impacts of the transaction are expected to be generally consistent with those highlighted in the prior announcement.

New York Life Names Todd Taylor Head of Life Insurance Solutions, Matt Wion Head of Retail Annuities

Retrieved on: 
Tuesday, March 19, 2024
Professional Services, Insurance, Human Resources, Finance, Retail, Society of Actuaries, Prudential, SVP, Prudential Financial, American Academy, Head, Society, Ernst & Young, IRI, Senior, Retirement, Patent, Pennsylvania State University, Binghamton University

New York Life, America’s largest mutual life insurer1, today announced that Todd Taylor has been named Head of Life Insurance Solutions, a key area of the company’s Foundational Business.

Key Points: 
  • New York Life, America’s largest mutual life insurer1, today announced that Todd Taylor has been named Head of Life Insurance Solutions, a key area of the company’s Foundational Business.
  • “As we cultivate leadership talent at New York Life, we are focused on opportunities for our team to experience different areas across the company,” said Mr. Huang.
  • Previously, Mr. Wion was Chief Financial Officer for New York Life’s Strategic Insurance Businesses – which include Institutional Life, Institutional Annuities, New York Life Direct, New York Life Group Benefit Solutions, Group Membership Association Department, and Seguros Monterrey New York Life – and has been responsible for all financial aspects for this portfolio.
  • Prior to joining New York Life, Mr. Wion was Senior Manager with Ernst & Young.

AM Best Assigns Issue Credit Rating to Prudential Financial, Inc.’s New Junior Subordinated Notes

Retrieved on: 
Wednesday, March 13, 2024
Professional Services, Insurance, Finance, PRU, Prudential Financial, Prudential, ALL, News, Disclosure, Credit, Credit rating, AM Best, Good, PGIM

AM Best has assigned a Long-Term Issue Credit Rating of “bbb” (Good) to the $1 billion, 6.5% fixed to fixed reset rate junior subordinated notes, due March 15, 2054, of Prudential Financial, Inc. (Prudential) (Newark, NJ) [NYSE: PRU].

Key Points: 
  • AM Best has assigned a Long-Term Issue Credit Rating of “bbb” (Good) to the $1 billion, 6.5% fixed to fixed reset rate junior subordinated notes, due March 15, 2054, of Prudential Financial, Inc. (Prudential) (Newark, NJ) [NYSE: PRU].
  • The outlook assigned to this Credit Rating (rating) is stable.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

The Inner Circle acknowledges Dan E. Gutmacher as a Top Pinnacle Professional

Retrieved on: 
Thursday, April 4, 2024
Organization, Education, Advisory board, Business, Prudential, Prudential Financial, Bauer College of Business, Transformation, University, IBM, Aon Hewitt, Health administration, Human resources, Inner circle, Management

THE WOODLANDS, Texas, April 4, 2024 /PRNewswire/ -- Prominently featured in The Inner Circle, Dan E. Gutmacher is acknowledged as a Top Pinnacle Professional for his contributions in Human Resources.

Key Points: 
  • THE WOODLANDS, Texas, April 4, 2024 /PRNewswire/ -- Prominently featured in The Inner Circle, Dan E. Gutmacher is acknowledged as a Top Pinnacle Professional for his contributions in Human Resources.
  • With a career spanning 25 successful years, Mr. Gutmacher has established himself as a prominent figure in the field of Human Resources, particularly in Leadership Talent Transformation.
  • He was the vice president of client delivery leader-emerging solutions from 2012 to 2014 and vice president of outsourcing delivery from 2014 to 2016.
  • Committed to professional growth and advancement, Mr. Gutmacher serves as an Advisory Board Member at the University of Houston's Bauer School of Business.