Prudential announced earlier this month that it was transferring 36 billion pounds ($47.58 billion) of assets to Luxembourg, which is intended to be the company's hub for its European business after Brexit.
Prudential, the United Kingdom's largest insurer, said it finished transferring some operations to Luxembourg about a week ago in preparation of Britain's impending exit from the European Union.
But even without the divorce between the U.K. and the EU, it made sense for Prudential to make such a move, the insurer's Chief Executive Mike Wells said on Sunday. "Even without Brexit, the Luxembourg product probably would have been an appropriate strategic step. I would say Brexit effectively defined the time frame that you want to make sure the work is accomplished," he said."We finished that actually last weekend."
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
How does the Brexit maelstrom end: Deal, no deal or no Brexit?The United Kingdom's exit from the European Union is uncertain nearly three...
और पढो »
UK Brexit secretary: Government still wants third Brexit deal voteStephen Barclay says Commons speaker’s ruling raises risk of no Brexit.
और पढो »
May seeks Brexit delay after third vote on her deal is stymiedPrime Minister Theresa May will ask the European Union to delay Brexit by at lea...
और पढो »
France ready to veto any meaningless Brexit delay: Elysee officialFrance is ready to veto any British request for a Brexit delay that either kicks...
और पढो »
Daily Briefing: Back to drawing board for May's BrexitDaily Briefing: - Back to drawing board for UK PM Theresa May's Brexit - The main suspect over the fatal shootings in Utrecht is in police custody - For markets, the biggest surprise was how little sterling moved on the latest dramatic Brexit twist
और पढो »
In Brexit chaos, UK eurosceptics see dream ticket: new leader, new dealIn a week when Brexit was plunged into deeper uncertainty, eurosceptics in There...
और पढो »
British PM May to request short delay to BrexitPrime Minister Theresa May will request a short delay to Brexit on Wednesday aft...
और पढो »
British PM May to request short delay to BrexitPrime Minister Theresa May will request a short delay to Brexit on Wednesday aft...
और पढो »
EU can not budge any more on Brexit, says Juncker before summitThe European Union has done a lot to accommodate Britain over Brexit and can go ...
और पढो »
European countries await letter from UK asking for a Brexit extensionEuropean countries are expecting a letter from Prime Minister Theresa May requesting a delay to Brexit.
और पढो »