Prudential UK Announces Reorganization
Ahead of Brexit, London-based Prudential in August 2018 announced the reorganization of its long-term non-UK European operations.
Currently, Prudential’s European operations are split across The Prudential Assurance Company (PAC), based in the UK, and Prudential International Assurance (PIA), based in Ireland. Going forward, all long-term European business, excluding the UK, will be written by PIA. This includes today’s PAC Poland, PAC France, PAC Malta, and PAC’s branches in Germany and Ireland. As of January 1, 2019, new business and renewals will be written by PIA and all existing policies will have been transferred.