Life Insurance Search

Life insurance company Prudential has announced that it will seek to further expand into the US sector, despite the gloomy economic predictions associated with the credit crunch. The move is thought to be partly motivated by signs of slow-downs in its Asian operations.

It is said that the company’s US life insurance arm, Jackson National Life, has around £1 billion to spend on stepping up its US operations.

The head of Jackson National Life commented, “We've just gone through the worst financial crisis since the great depression and we are telling you that against that the US business has had a record first half.”

While the chief executive of the UK’s level term life insurance giant commented, “We are continuing to monitor the market for … targets that meet our target returns, in particular, life back books that would suit our scaleable platforms.

“In current conditions there are an increased number of sellers and, with the prices of assets now at more realistic levels, we see more potential here than we have for a number of years.”