Prudential

New Jersey Devils and Prudential Center announce extended partnership with Verizon

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星期二, 四月 9, 2024
Wireless network, Verizon Communications, Prudential Center, New Jersey Devils, Network, Verizon Business, Partnership, Prudential, Senior ice hockey, Power, National Hockey League, SVP, RSS, Food, NHL, VZ, Hockey, Beer, Mobile phone

NEW YORK, April 09, 2024 (GLOBE NEWSWIRE) -- The New Jersey Devils, Prudential Center, and Verizon announced today a multi-year extension of their partnership featuring new and innovative technology for wireless connectivity and retail convenience to enhance the fan experience and improve arena operations.

Key Points: 
  • NEW YORK, April 09, 2024 (GLOBE NEWSWIRE) -- The New Jersey Devils, Prudential Center, and Verizon announced today a multi-year extension of their partnership featuring new and innovative technology for wireless connectivity and retail convenience to enhance the fan experience and improve arena operations.
  • Through this extended partnership, Verizon is deploying Verizon 5G Ultra Wideband, Verizon Private 5G Network and Wi-Fi 6/6E to give Prudential Center the ability to host a wide range of large-scale events, concerts and games with a more efficient and reliable network and fast connectivity.
  • The improved wireless connectivity will also change the way fans experience games and live events in the arena and through the Devils and Prudential Center Mobile App, Powered by Verizon.
  • “We are thrilled to extend our partnership with Verizon, a New Jersey-based company, and lay the foundation for the way fans view and experience Devils home games and other events at Prudential Center,” said Sasha Puric, Chief Technology Officer, HBSE.

Prudential Digital Transformation Strategy Analysis Report 2024: Innovation Programs, Technology Initiatives, Estimated ICT Budget, and Major ICT Contracts - ResearchAndMarkets.com

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星期二, 四月 9, 2024
Software, Technology, Fintech, Professional Services, Automation, Health, Prudential plc, Eastspring Investments, Prudential, Policy, AI, Death, Insurance, ICT

This report provides insight into Prudential's fintech activities, including its digital transformation strategies, its innovation programs, its technology initiatives, its estimated ICT budget, and its major ICT contracts.

Key Points: 
  • This report provides insight into Prudential's fintech activities, including its digital transformation strategies, its innovation programs, its technology initiatives, its estimated ICT budget, and its major ICT contracts.
  • Through its subsidiaries, the group provides retirement benefits and insurance coverage for various risks such as illness, death, and critical life events.
  • Prudential is collaborating with a range of technology companies to streamline its operations and improve its customer service through digital solutions.
  • As part of its digital transformation, Prudential launched a health and wellbeing app called Pulse.

Robbins Geller Rudman & Dowd LLP Announces Proposed Settlement in the Prudential Securities Litigation

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星期一, 四月 8, 2024
Class Action Lawsuit, Professional Services, Legal, COMMON, Class Action, Failure, Prejudice, Notice, Prudential, District court, Telephone, ALL, Class, Episcopal conference, THIS, Judgement, Lawsuit, Court, Hearing, INC

The following statement is being issued by Robbins Geller Rudman & Dowd LLP regarding the Prudential Securities Litigation:

Key Points: 
  • The following statement is being issued by Robbins Geller Rudman & Dowd LLP regarding the Prudential Securities Litigation:
    TO: ALL PERSONS AND ENTITIES WHO PURCHASED THE COMMON STOCK OF PRUDENTIAL FINANCIAL, INC.
  • BETWEEN JUNE 5, 2019 AND AUGUST 2, 2019, INCLUSIVE (“CLASS” OR “CLASS MEMBERS”)
    THIS NOTICE WAS AUTHORIZED BY THE COURT.
  • Also, if the Court requires or allows Class Members to participate in the Settlement Hearing by telephone or videoconference, the access information will be posted to the Settlement website, www.PrudentialSecuritiesSettlement.com .
  • IF YOU PURCHASED PRUDENTIAL COMMON STOCK BETWEEN JUNE 5, 2019 AND AUGUST 2, 2019, INCLUSIVE, YOUR RIGHTS ARE AFFECTED BY THE SETTLEMENT OF THIS LITIGATION.

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

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星期四, 四月 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.

Mark Lipacis Joins Evercore ISI as Senior Managing Director

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星期三, 四月 3, 2024
Finance, Semiconductor, Consulting, Professional Services, Technology, EVR, Business, Prudential, Merrill (company), Research, University, MBA, Morgan Stanley, Jefferies, ISI, Drexel University, Management

Evercore (NYSE: EVR) announced today that Mark Lipacis has joined Evercore ISI as a senior managing director to lead research coverage of semiconductor and capital equipment companies.

Key Points: 
  • Evercore (NYSE: EVR) announced today that Mark Lipacis has joined Evercore ISI as a senior managing director to lead research coverage of semiconductor and capital equipment companies.
  • He joined Evercore from Jefferies and has sell-side experience across Wall Street, including with Morgan Stanley, Prudential and Merrill Lynch.
  • Mike Paliotta, CEO of Evercore ISI, said, “Having Mark join our research department is a testament to Evercore ISI’s ability to attract the best talent on the Street.
  • “I am honored and humbled to join a top-rated technology team and will strive to deliver the quality of research Evercore ISI clients have grown accustomed to receiving.”

Somerset Announced Close of Reinsurance Transaction With Prudential

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星期一, 四月 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.

Leste Group Appoints Four Executives to New Senior Team Roles

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星期三, 三月 27, 2024
Professional Services, Commercial Building & Real Estate, Finance, Construction & Property, Asset Management, Banking, El Paso Corp., Private equity, EVP, Prudential, Executive, Sale, Business development, Credit, CFA, Investment, The Carlyle Group, Net lease

Leste Group (“Leste”), a global alternative investment manager, today announced the appointment of four executives to its senior team to support the firm’s growing North America private equity and real estate credit strategies.

Key Points: 
  • Leste Group (“Leste”), a global alternative investment manager, today announced the appointment of four executives to its senior team to support the firm’s growing North America private equity and real estate credit strategies.
  • “Leste is continuing to prove itself as a strong platform for high performing leaders to join and build strategies from private equity to real estate, credit, and special situations,” said Emmanuel Hermann, CEO & Founder of Leste Group.
  • Mark Hong and Haaris Lali will be responsible for expanding the Net Lease and Credit strategies of the firm.
  • He also held multiple roles at The Carlyle Group, The Rock Creek Group, and Rock Maple Funds.

Equitable Announces New Leadership Appointments

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星期三, 三月 27, 2024
Professional Services, Small Business, Insurance, Human Resources, Finance, Consulting, Fairfield University, Congress, Investment management, Slavic studies, Equitable Holdings, Growth, Bähr, Retirement, Prudential, Business administration, European studies, Merrill (company), Education, Policy, Small business, MEP, Head, Ursinus College, Pension, Ameritas, PEPS, FINRA, American Council, ADP, Kais, Financial adviser

Company veteran Jessica Baehr, who served as the Head of Group Retirement since 2021, has assumed a new leadership position as the President of Equitable Investment Management.

Key Points: 
  • Company veteran Jessica Baehr, who served as the Head of Group Retirement since 2021, has assumed a new leadership position as the President of Equitable Investment Management.
  • “Equitable Investment Management is a differentiator for Equitable.
  • Her previous leadership roles also include serving as the Chief Operating Officer for the company’s Life and Employee Benefits businesses and Head of Investor Relations for Equitable Holdings.
  • Prior to Equitable, Baehr started her career in the non-profit sector working in higher education and international development.

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

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星期二, 三月 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

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星期三, 三月 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.