Prudential chief executive Tidjane Thiam must have been shaking his head in despair today as the Asian business whose failed takeover almost cost him his job staged a hugely successful flotation in Hong Kong... more
City Comment: One of the great paradoxes of the insurance industry is that although it badly needs to consolidate, when it tries it usually fails and never seems to learn from the experience... more
The arrival of former Prudential boss Mark Tucker at AIA has sparked speculation that he could try to revive a version of the deal that caused such huge turmoil for the Pru this summer
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For all the criticism Tidjane Thiam has attracted for his abortive attempt to buy AIG’s Asian business, he is the most likely chief executive of Prudential in six months... more
Comment: Who would want to be the top man at the Pru? The odds are shortening that it will be someone other than Tidjane Thiam after the rights issue disaster... more
City Comment: For a business which is based on spreading and sharing risk, Prudential is taking a monumental gamble with its decision to buy the Asian operations of AIG, the American insurance giant... more
Tidjane Thiam, the new man from the Pru, has positioned himself as the natural successor to chief executive Mark Tucker as he pledges to preserve the financial strength of the UK's biggest insurer... more
Tidjane Thiam, the new man from the Pru, today positioned himself as the natural successor to chief executive Mark Tucker as he pledged to preserve the financial strength of the UK’s biggest insurer ... more
In a week when the Government has proposed tougher capital requirements for banks, it is instructive to see the effect of a similar directive applied elsewhere ... more
Mark Tucker bowed out on a high, unveiling a strong set of results as he announced his surprise decision to quit as chief executive of insurer Prudential... more
HSBC has cast its expert eye over the real estate investment trust sector following a plethora of heavily discounted rights issues, running into billions of pounds, which have been launched recently to shore-up weakened balance sheets.... more
This piece was going to dissect the record of one of London's top investment bankers, someone who profited mightily from the boom times and hasn't suffered a jot from the bust... more
RUMOURS circulated the City for months that Legal & General could be in trouble. How much trouble wasn't clear, but the insurer was slow to state its capital position, the dividend looked under threat and the stock-market bears moved in - the shares have been crushed.... more
Ever since Mark Tucker took the helm at the Prudential more than three years ago, City analysts and investors have been telling him to sell the UK business so the group can focus properly on Asia, where for some time it has been getting an increasing proportion of its sales and most of its growth. Now they could get all they bargained for, and more... more
Finance: Clive Cowdery has announced he will float his financial services restructuring firm Resolution on the stock market this year, raising at least £1billion to fund new takeovers and deals... more
It has been the singular achievement of this Government to take the best private-sector occupational pension provision in Europe and, by a mixture of short sightedness and misplaced intervention, virtually to destroy it... more
Would you buy a used life policy, or even a new one, from this lot? The mugs at the top of our life assurance companies appear to have hardly a clue what they're doing... more
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