Prudential addresses concerns with the Department of Veterans AffairsPrudential Financial today announced that it is in talks with the Department of Veterans Affairs to address the concerns that have been raised in connection with the Servicemembers Group Life Insurance Program.“It is important that the beneficiaries of our fallen service men and women are treated with dignity and respect during a very difficult time,” said Prudential Chairman and CEO John Strangfeld. “Given the questions raised over the life insurance program we administer for the Department of Veterans Affairs, we welcome an opportunity to address the concerns and to set the record straight.” (more)
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Prudential Financial study shows women are taking greater control of their financesWomen are more aware, engaged and actively involved in financial matters than ever before. But many aren’t planning sufficiently for their retirement goals. That’s what Prudential Financial’s 10th anniversary study on the “Financial Experience & Behaviors Among Women” revealed.Judy Rice, president of Prudential Investments, shared this and other highlights with journalists, academics, thought leaders and nonprofit executives at a media event in New York City to celebrate the launch of the anniversary study. Emmy-nominated CNBC anchor and reporter Trish Regan served as keynote speaker. (more) |
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27 July 2010Women taking greater control of their financesNEWARK, N.J., July 27, 2010 - Women are more aware, engaged and actively involved in financial matters than ever before, according to the latest in a series of studies on women’s financial behaviors conducted by Prudential Financial, Inc. (NYSE:PRU) and announced today in partnership with the Women’s Media Center and The Paley Center for Media. (more) |
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26 July 2010Subject Matter Expert of the Week: Michael CollinsMichael Collins doesn’t believe companies have a lot of confidence in the path of the economy right now. “They’re still playing defense; they’re focused more on survival than on growth. And that’s good for corporate bond investors,” Collins, senior investment officer, credit strategies, for Prudential Fixed Income, said at Prudential Financial’s Midyear Market Outlook event in New York City on July 20.(more) |
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22 July 2010Prudential experts offer 'moderate' midyear market outlookPrudential's market experts expect to see moderate growth in the U.S. economy for the remainder of 2010. And while a double-dip recession is possible, it's unlikely amid encouraging signs for the corporate bond, fixed income and real estate markets, the panel of experts told journalists at the company's annual Midyear Market Outlook. (more) |
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20 July 2010Plan Sponsors honored for improving plans for employeesPrudential Retirement, a business unit of Prudential Financial, Inc. (NYSE: PRU), has honored six plan sponsors for redesigning their defined contribution retirement programs to assist plan participants in achieving a more secure retirement. (more) |
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16 July 2010Prudential's strength 'stands the test of time,' says Best's ReviewDespite the worst economy in two generations, The Prudential Insurance Company of America is among an elite group of insurance companies that have demonstrated their financial strength and "stood the test of time," according to the July issue of Best's Review. Prudential and 10 other life insurers distinguished themselves in 2009 by retaining an A.M. Best rating of A or higher for at least 75 years. (more) |
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14 July 2010PREI® partners with Mubadala to establish new real estate investment management joint venture in Abu DhabiPrudential Real Estate Investors and Mubadala Development Company have agreed to form a new joint venture company that will raise capital from investors to fund and invest in real estate projects in Abu Dhabi and other global markets. (more) |
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14 July 2010Subject Matter Expert of the Week: Robert TippRobert Tipp, managing director and chief investment strategist for Prudential Fixed Income, says that the second quarter of 2010 turned out to be a period of rising anxiety for the fixed income markets, driven largely by the deterioration in Europe. "While the backdrop for fixed income markets in the second quarter was one of moderate growth and inflation, the actual markets themselves ended up being anything but moderate," Tipp notes. (more) |
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13 July 2010Prudential Mortgage Capital closes 13 loans totaling $168 million in the Washington, D.C., metro areaNEWARK, N.J. – Prudential Mortgage Capital Company has closed 13 loans totaling $168 million using Fannie Mae’s DUS® program for a multifamily portfolio in the Washington, D.C., metro area. Prudential Mortgage Capital is the commercial mortgage lending business of Prudential Financial, Inc. (NYSE: PRU). (more) |
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