Pru reports “robust” group sales: Cars and Car Insurance UK: Latest Events | |
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Pru reports “robust” group salesIn a trading update, Prudential has report “robust” nine month group-wide sales of just over Ј2 billion. In the third quarter of 2009, retail sales came in at Ј699 million, up 10% on a year earlier and reflecting “powerful momentum” in US retail sales which soared 66% year-on-year. Asian sales rose 4% in Q3 and the region saw new business sales of Ј846 million for the first nine months of 2009, down only 9% on the same period in 2008, compared to a 15% fall at the half year. The group also reported asset management net inflows of Ј2.9 billion, up an annual 187%, and a strong capital position, with an IGD surplus estimated at Ј2.8 billion. Recently appointed group chief executive, Tidjane Thiam, said: “This performance demonstrates the effectiveness of our strategy in what remains a challenging and fragile economic environment.” He went on to highlight opportunities for expansion in US markets, via Prudential’s Jackson National Life subsidiary, but was cautious about the outlook for the UK market, preferring instead to focus on growth in the US and Asia. In other Prudential news, the insurer has appointed Nic Nicandrou as chief financial officer and board director. Mr Nicandrou joins from Aviva, where he has worked for eleven years in a number of senior finance roles, most recently as Norwich Union Life finance director and board member. « Hiscox bolsters claims operation | One in ten fail to take out travel insurance » Classic Motorbike Comprehensive EstimatesMany likes to query about american transport insurance comprehensive in Raleigh or general transport assurance assurance for road drivers. The answer is simple: study the topic "Pru reports “robust” group sales" about car insurance uk: latest events and observe the threads for security driver from the best motorbike insurance providers.
Category Car Insurance UK: Latest Events |
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