The Traderszone Network

Published in TZ Latest News 18 January, 2016 by The TZ Newswire Staff

Prudential posts capital ratio of 190 percenty at end-June 2015

British insurer Prudential Plc (PRU.L) said on Tuesday its solvency capital ratio was 190 percent on June 30, 2015 under new European rules for insurers. The company’s estimated Group Solvency II surplus at end-June, 2015 was 9.2 billion pounds ($13.11 billion), Prudential said in a statement ahead of an investor day. Prudential also said it appointed John Foley as chief executive of Prudential UK & Europe and as an executive director on its board.